Free Forex Indicators (MT4), Trend Following Indicators

ITrend Indicator for MT4

The ITrend is a supply/demand indicator, widely popular among trend-following MT4 traders. This indicator closely observes the balance between the buy-sell pressures of the forex instruments.

ITrend makes the accumulation and distribution of the assets clearly visible so that you can quickly assess the present momentum condition and determine the upcoming reversals of the price movements.

ITrend Indicator for MT4 Overview

The indicator applies a 20-period ADX band and plots two lines at the indicator window showing the +/-DMI value.

ITrend Indicator overview

The green color line represents +DMI to show an asset’s demand. On the other hand, the red line carries -DMI to demonstrate the supply status of the market. Whenever the lines alter their positions, consider it as a hint for upcoming price reversal.

ITrend Indicator for MT4 Explanation

Anticipating the possible changes in trend direction with ITrend is quite simple. You only need to be able to identify the differences in positions of the +/-DMI lines.

ITrend Indicator explanation

The demand line turns higher than the supply line, indicating the price will make a bullish move in the near future. Conversely, the supply gets higher than demand means it is time for a bearish market trend.

A growing distance between the supply and demand lines indicates an increase in the strength of the current market trend. When the lines get closer to each other, consider the market is going through a deciding moment for future movement direction.

Also Read: Exness Review – Is it The Best Forex Broker?

ITrend Indicator for MT4: Buy Conditions

ITrend Indicator buy signal
  • The demand line moves higher than the supply line
  • The price swings upwards from the recent market low
  • Exit long whenever the demand falls behind the supply

ITrend Indicator for MT4: Sell Conditions

  • The demand turns lower than the supply
  • The price begins to fall from the recent market high
  • Exit short after the demand line moves above the supply line

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.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

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.
RoboForex Welcome Bonus