Simpler Trend Candle Indicator for MetaTrader 4 – Although there are many similar indicators out there, this particular one is based on code previously published by Mladen Rakic and incorporates a number of improvements, part of which was added following user request in comments.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
List of fixes and improvements:
- Trading alerts (Alerts in MT4 terminal, Email notifications, Push notifications).
- Inputs to enable/disable each alert type separately.
- Simplified and easy-to-grasp color theme.
- Additional signal buffer (Indicator output value).
- The indicator is compatible with Universalis MT4, you can import it, create your own automated strategy and backtest with high precision (step-by-step guide).
- Miscellaneous minor fixes.
The list of adjustable parameters:
- Average Period = 30 – indicator period.
- Sensitivity = 3 – sensitivity to price fluctuations.
- Enable Alerts = false – enable/disable trading alerts in MetaTrader 4.
- Enable Email Notification = false – enable/disable email trading alerts.
- Enable Push Notification = false – enable/disable push trading alerts.