Forex Scanner – Best Trend Indicator MT4 (100% Free)

Forex Scanner  Description

Forex Scanner is a flexible indicator that combines numerous breakout points as entry indications with a trend-following method.

A new trend that has already taken hold offers a number of access points for anybody who wants to properly traverse it. Retracement criteria are employed to steer clear of less significant entrance locations.

⚙️ Category: Indicator
Platform: MT4
Currency Pair: Any Pair
Trading Time: Any Session
⏰ Timeframe: Any Timeframe
Rating: B / ★★★✩✩

Best Brokers List 

The Forex Scanner works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

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Trend Indicator Setting

Characteristics

To clearly describe the market trend, it incorporates many market factors into a single equation.
Using local maxima and minima, a rectangular box containing entrance signals is created to effectively indicate entry spots.
The indicator only offers a number of performance indicators while measuring the accuracy of its signals.
A multi-timeframe dashboard is also included, which scans all possible periods and shows the established trend's direction for each one.

Signal period: This integer number controls the entering signal's amplitude.
An integer value called the "Trend Period" is used to determine the main trend's direction.
Display the Multi-Time Frame scanner dashboard by selecting Show MTF Dashboard.
Performance Analysis: displaying/obscuring the performance analysis indicators (including MFE trend lines).

Trend Indicator Free Download

We highly recommend trying the Trend Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

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