Trend Flat Detection Metatrader 5 Forex Indicator

The Trend Flat Detection Metatrader 5 forex indicator gauges whether the market is flat or is trending in the time series or random behavior.

The forex indicator appears within a separate window as a default red line that oscillates around the 0.50 level.

The Trend Flat Detection MT5 indicator is interpreted based on the following:

  • If the value of the indicator is below 0.5, it means the market is in a trend state
  • If the value of the indicator is extremely low, then it means such action preceded the end of the trend in focus
  • If the value of the indicator is above the 0.5, it means the market is in a flat state
  • If the value of the indicator is extremely high, then it means such action preceded the start of the trend in focus
  • The market is in an undefined state when the value of the indicator is close to the 0.5

Free Download

Download the “iVAR.ex5” MT5 indicator

Example Chart

The EUR/CHF H1 chart below displays the Trend Flat Detection Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the red line of the iVAR indicator is below the 0.5 (trend state) or when the value of the indicator is extremely high and bullish confirmation is attained from other technical indicator i.e. moving averages.

Sell Signal: Go short when the red line of the iVAR indicator is below the 0.5 (trend state) or when the value of the indicator is extremely high and bearish confirmation is attained from other technical indicator i.e. moving averages.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the red line of the indicator value is extremely low or is close to the 0.5 level (undefined market state).

Exit sell trade: Close all sell orders if while a bearish trend is o going, the red line of the indicator value is extremely low or is close to the 0.5 level (undefined market state).

Tips: The Trend Flat Detection MT5 forex indicator shouldn’t be traded alone, but in combination with momentum and trend technical indicators to filter buy/sell signals more effectively.

Download

Download the “iVAR.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (iVAR period), Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: oscillator

Installation

Copy and paste the iVAR.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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