Free Forex Indicators (MT4), Trend Following Indicators

Entry Signal Indicator for MT4

The Entry Signal Indicator is a technical analysis tool that traders can use to identify potential entry points in the forex market.

This indicator uses a combination of moving averages and price action to generate trading signals. It is designed to work on all timeframes and can be used with any currency pair.

Entry Signal Indicator Overview

The Entry Signal Indicator is displayed as a histogram on the price chart. The size of the bars represents the strength of the trend.


Traders can use the Entry Signal Indicator to confirm trends identified by other technical indicators or as a standalone trading tool. It is designed to work on all timeframes and pairs.

Overall, the Entry Signal Indicator is a powerful tool for traders who want to take advantage of the forex market’s potential profits.

Entry Signal Indicator Explanation

The indicator displays buy and sell signals as arrows on the chart. A green arrow indicates a buy signal, while a red arrow indicates a sell signal.

Traders can use these signals to enter or exit trades. The Entry Signal Indicator can also be customized to suit the trader’s preferences.


It allows the user to adjust the parameters to match their trading style and risk tolerance.

Additionally, traders can use the indicator in conjunction with other technical indicators to confirm the signals generated by the Entry Signal Indicator.

Entry Signal Indicator: Buy Condition

  • The indicator line turns blue and appears below the price bars.
  • The green arrow pointing upwards appears below the price bars.
  • The oscillator line moves above the oversold level, indicating a potential reversal in the price trend.
  • The price crosses above the moving average, confirming the bullish trend.

Related Reading: Exness Review

Entry Signal Indicator: Sell Condition

  • The indicator line crosses below the signal line, indicating a potential downtrend.
  • The histogram bars turn red, suggesting a bearish trend.
  • The price action confirms the sell signal by breaking below key support levels or trendlines.

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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