The 4 Time Frame ASC Trend Forex MT4 indicator is based on the famous ASC trend technical indicator.
In fact, this is an enhanced version of the ASCTrend indicator.
It verifies the trend on 4 different time frames to predict the trend more accurately.
In addtion, you can choose the time frames yourself. Feel free to experiment with this input option.
Buy and sell trends from this indicator are very easy to follow and many traders love this indicator.
So, give it a try and test it out on some currency pairs to discover its real power!
Just load the 4 Time Frame ASC Trend Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Based on the popular ASCTrend technical indicator.
- Verifies the trend on 4 different time frames.
- Works for scalpers, day traders and swing traders.
- Standalone trend indicator.
Feel free to explore the 4 Time Frame ASC Trend Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (AUD/CAD M5 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The 4 Time Frame ASC Trend Forex MT4 Indicator
Buy Signal: Open a long position when the ASCTrend bars across all 4 time frames are colored blue (see chart).
Set your stop loss 5 pips below the previous swing low, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 2.0 or better, or wait until you get an opposite ASC Trend sell signal.
Sell Signal: Open a short position when the ASCTrend bars across all 4 time frames are colored red.
Set your stop loss 5 pips above the previous swing high, or use your own favorite stop loss strategy.
Exit the sell trade for a reward/risk ratio of 2.0 or better, or wait until you get an opposite ASC Trend buy signal.
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Time frame 1, time frame 2, time frame 3, time frame 4, alerts on, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.