Forex Trend Scanner Indicator MT4 MetaTrader for scalp in Forex Free Download

Forex Trend Scanner Indicator 🔧

Using the Forex Trend Scanner indicator is very simple, and there is no need for complex adjustments. This indicator works well with its default settings. During installation, a settings window will appear. To activate the necessary features, simply check the Allow DLL Imports option and click OK. These settings will help you fully utilize the capabilities of the indicator.

Click here to download and install the Forex Trend Scanner   Indicator

Displaying Market Trend Changes 🔄

The Forex Trend Scanner indicator displays market trend changes by altering the color of the candles. When the market trend changes, the color of the candles changes so you can quickly identify it. For example:
• If the trend is upward and bullish, the candles will be displayed in green.
• If the trend is downward and bearish, the candles will change to red.
This color change acts as a signal, allowing you to enter or exit your position at the right time.

Buy and Sell Signals Using Forex Trend Scanner 💰📉

Buy Signal (Long Position) 📈

Click here to download and install the Forex Trend Scanner   Indicator

To enter a buy position, pay attention to the indicator’s signals. Here’s how to identify a buy signal:

1. When a trend change occurs with a strong candle and the candle turns green, it indicates a buy signal.
2. After observing the green candle, wait for a confirmation candle to ensure the trend is truly changing.
3. After the confirmation candle closes, you can enter a buy position.
4. To determine your stop-loss point, you can use the previous Swing points. If these points are far from your entry, it’s better to use the ATR indicator to determine a suitable stop-loss.

Sell Signal (Short Position) 📉

To enter a sell position, follow these signals:

1. When a trend change occurs with a strong candle and the candle turns red, it indicates a sell signal.
2. Just like with the buy signal, wait for a confirmation candle to ensure the trend change is real.
3. After the confirmation candle closes, you can enter a sell position.
4. For the stop-loss, you can use the previous Swing points or use ATR to reduce risk.

Exit from Positions ⏳

Exiting a Buy Position (Long Exit) 🚪

• To exit a buy position, you can set your risk-to-reward ratio to 1.5 to 2.
• Additionally, you can exit your trade after seeing the first trend change and color change from the indicator.

Exiting a Sell Position (Short Exit) 🚪

• Similarly, for exiting a sell position, set your risk-to-reward ratio to 1.5 to 2.
• Also, you can exit after observing the first trend change from the indicator.

Important Tips for Using the Forex Trend Scanner Indicator 🔑

1. Quick Trend Change Identification: One of the key features of this indicator is its ability to quickly identify trend changes in real-time. This allows you to react quickly to market changes and take advantage of trading opportunities.
2. Customized Alerts: You can define specific conditions for the indicator and set alerts. This way, when these conditions occur in the market, the indicator will notify you, enabling you to make better decisions.
3. Ease of Use: Due to its simple and user-friendly design, even people with little experience in trading can easily use it and achieve good results.
4. Time Efficiency: With the automatic trend identification, you no longer need complex and time-consuming analysis, allowing you to focus on more critical decision-making tasks.
5. Risk Reduction: By using the Forex Trend Scanner, you can precisely define your entry and exit points, managing your risk appropriately to conduct lower-risk trades.

Click here to download and install the Forex Trend Scanner   Indicator

The Forex Trend Scanner indicator is a very useful and practical tool that helps you accurately and quickly identify market trends. This indicator can automatically provide buy and sell signals based on market trend changes. Additionally, the customizable alert features allow you to define your specific conditions and receive notifications when those conditions are met. By automatically detecting trends and their changes, this tool helps you make better trading decisions and manage your time more effectively.
With Forex Trend Scanner, you can easily understand market trends and make lower-risk trades, resulting in higher profit