Introduction to the Trend Logic Indicator
The Trend Logic Indicator works in a very similar manner to the Moving Average Indicator or Hull Moving Average Indicator. When the Trend Logic recognizes potential upward movement, the line gets green-colored. Similarly, when a potential downward movement is in place, the line gets red-colored.
The Trend Logic Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Example trade with the Trend Logic Indicator
Below is the screenshot of an example trade with the Trend Logic Indicator.
As you can see, the line of the Trend Logic indicator gets green it simultaneously suggests potential upward movement. You should open a trade at the triggering candle when the line switches from red to green. Then, in fact, the price made a significant bullish swing.
How to set up the Trend Logic indicator in MetaTrader (MT4)?
Download the Trend Logic.rar archive at the bottom of this post, unpack it, then copy and paste the Trend Logic.ex4 or Trend Logic.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Trend Logic indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Trend Logic Indicator
To download the Trend Logic Indicator for Metatrader 4 (MT4) for free just click the button below: