Flat Trend SMC Metatrader 4 Forex Indicator
The Flat Trend SMC Metatrader 4 Forex indicator is a powerful trend-following indicator made up of 3 moving averages.
The indicator appears in a separate MT4 window underneath the activity chart in the form of a triple colored histogram filled with bars.
The bars follow the trend and give the actual trading signals.
You can change all moving average periods and types to create your own customized Forex signals.
Just load the Flat Trend SMC indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A green colored Flat Trend SMC is considered bullish.
- A red colored Flat Trend SMC is considered bearish.
- A yellow colored Flat Trend SMC is considered flat trend.
- Does not repaint any trend bars.
- Works for scalping, day trading and swing trading.
Feel free to explore the Flat Trend SMC indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (USD/JPY H1 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 Flat Trend SMC MT4 Indicator
Buy Signal: Execute a buy trade when the first green Flat Trend SMC bar appears on the chart. The trend is now bullish.
Place your stop loss 3 pips below support, or use your own favorite stop loss strategy.
Close the buy trade when the trend bars turn back to red color (keep the buy trade open when the trend bars turn to yellow color).
Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.
Sell Signal: Execute a sell trade when the first red Flat Trend SMC bar appears on the chart. The trend is now bearish.
Place your stop loss 3 pips above resistance, or use your own favorite stop loss strategy.
Close the sell trade when the trend bars turn back to green color (keep the sell trade open when the trend bars turn to yellow color).
Alternatively, exit the sell trade for a reward/risk ratio of 2.0 or better.
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Minutes, MA 1 value, MA 1 type, MA 2 value, MA 2 type, MA 3 value, MA 3 type, Colors, width, style.
More Info About This Indicator
Recommended 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.