Leman Trend Forex Indicator For MT4

The Lemantrend Forex indicator for Metatrader 4 is a beginner friendly tool that follows the buy/sell trend for any currency pair.

The indicator appears in a separate chart window as a red and purple colored signal line.

The crossover of both signal lines generate a new trading signal.

The Lemantrend indicator can work together with any existing trading strategy or system for optimal trade entry and exit.

General Information

  • Should work for any time frame
  • Provides trend signals
  • Simple to use, even for beginners
  • Does not repaint
  • Developed for Metatrader 4

Free Download

Download the lemantrend.mq4 indicator file (MT4)

Indicator Chart Example

The picture below shows the Lemantrend indicator attached to the Euro / U.S. Dollar M5 chart.

How to use this Forex indicator?

This Forex indicator can be used in multiple ways, find an example below:

Buy Signal:

  • A buy signal is given when the purple line crosses up the red line.
  • Place your stop loss below the most recent swing low.
  • Exit the buy trade for a fixed profit target or wait for the purple line to cross back below the red line.

Sell Signal:

  • A sell signal is given when the red line crosses up the purple line.
  • Place your stop loss above the most recent swing high.
  • Exit the sell trade for a fixed profit target or wait for the purple line to cross back above the red line.

How to install the Lemantrend indicator to the Metatrader 4 platform?

  • Download the lemantrend.mq4 indicator file here and save it to your computer
  • Open your Metatrader 4 platform
  • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
  • Click on “MQL4” and open the “Indicators” folder
  • Paste the indicator file in this folder
  • Restart Metatrader 4 and you’re ready to start using the indicator

How to edit the indicator?

  • Attach the indicator to any trading chart of your preference
  • Right click in the chart and select “Indicators List” from the drop down menu
  • Select the indicator from the list and click on “Edit”
  • Now you can start editing the indicator (Inputs, Colors and Visualization)
  • Final step, click on the “OK” button to save the new configuration