Detrended Synthetic Price Signal Forex MT4 Indicator

The Detrended Synthetic Price Signal Forex MT4 indicator is a simple to use buy and sell DSP Forex signal indicator that uses colored price bars.

The buy and sell rules are very easy to follow and doesn’t require any further chart analyzing from your part.

The indicator will tell you when to buy and sell the desired currency pair with the help of the colored DSP price bars.

Some traders report a 75% winning rate with this Forex indicator.

Key Takeaways

  • A green price bar represents a bullish trend. This is a buy signal.
  • A red price bar represents a bearish trend. This is a sell signal.
  • Works great for scalping and day trading purposes on any time frame.

Feel free to explore the Detrended Synthetic Price Signal indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “detrended-synthetic-price.ex4” Metatrader 4 indicator

Indicator Example Chart (EUR/USD M15 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 Detrended Synthetic Price Signal MT4 Indicator

Buy Signal: Open a buy order when the first green price bar appears on the chart.

Place stop loss below immediate support, or use your own favorite SL method.

Exit the buy trade when a red price bar pops up on the chart (sell signal), or use your own favorite take profit method.

Alternatively, take profit at a fixed take profit level of your preference.

Sell Signal: Open a sell order when the first red price bar appears on the chart.

Place stop loss above immediate resistance, or use your own favorite SL method.

Exit the sell trade when a green price bar pops up on the chart (buy signal), or use your own favorite take profit method.

Alternatively, take profit at a fixed take profit level of your preference.

Download This Forex Indicator Now

Download the “detrended-synthetic-price.ex4” MT4 indicator

Adjustable Parameters

DSP period, DSP price, signal period, 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: signals

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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