Free Forex Indicators (MT4), Trend Following Indicators

TFS All Timeframe Trend Summary Indicator

The TFS All Timeframe Trend Summary serves as an indicator that consolidates moving average values across various time periods. This tool is designed to facilitate trading decisions for those who closely monitor market trends. Relying solely on the moving average of a single timeframe can be deceptive, as trends may be evolving on higher or lower timeframes.

TFS All Timeframe Trend Summary Indicator 1

TFS All Timeframe Trend Summary Indicator

Emphasis on Extended Timeframes

To gauge a dependable long-term trend, it is crucial to consider higher timeframes such as daily, weekly, and monthly. This indicator aids in timing entry positions within the prevailing trend.

An exceptionally bullish trend is identified when all the relevant moving averages exhibit a bullish trajectory, while an extremely bearish trend is characterized by bearish movements in all moving averages.

TFS All Timeframe Trend Summary Indicator

Signaling a Shift in Trend

If daily, weekly, and monthly timeframes indicate a bullish trend, while others remain bearish, it signals a potential reversal in the shorter timeframe from bullish to bearish.

Should the moving averages in the longer timeframe also shift to bearish, it may serve as a signal for an overall trend change.

Conversely, if lower timeframes like M1, M5, and M15 start displaying bullish signals, it suggests that any correction within the uptrend may be concluding, prompting consideration for a new buy position. The inverse holds true for initiating bearish positions.

Customize Your Moving Averages

TFS All Timeframe Trend Summary Indicator 2

Upon applying this indicator to your chart, you have the flexibility to choose the moving average type through the MA Method option in the Input tab.


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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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.
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