FX Trend is an application that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded by Daniel Stein on the 6th of May 2016, it has then received a number of updates, the most recent was on the 21st of February 2020 and this brought the indicator up to version 3.13.
FX Trend is an indicator created to be used with the MetaTrader 4 trading platform, the indicator will display various things such as trend direction, duration, intensity, and a trend rating for all time frames in real-time. This will allow you to quickly see which direction the trends are moving, how long they will last, and how strong they are.
There is a large list of features available from this indicator:
There are also a bunch of settings available that will allow you to change various aspects such as the trend period, deviation, whether to use the indicator in EA mode, to hide the panel, arrows, and other elements, there are also plenty of options for alerts.
The indicator will cost you $49 to purchase it outright, this will give you unlimited access to it. You are also able to rent it, you can rent it for 3 months which will cost you $29 or for 1 year which will cost you $39. There is also a free demo version available, but this will come with some limitations which are unfortunately not known to us.
There are 84 reviews, the overall rating from these reviews is 4.5 out of 5. The creator is offering a free support group for those that provide a review, so this could potentially influence some members to give higher scores, it is not a practice that we like to see.
“FX Trend is the tool help me enter the trend on pull back, it really helps me to re-enter the trend if i missed out the ride. Great indicator !!! Thanks Daniel !!! This is a good tools to help traders find entries and trend, i would recommend those who are looking for trend entries. This will be the one.” – A 5-star review.
“I have had this for just over two weeks now and it seems promising. I am still trying to understand how to use it properly. I have given it 4 stars because it it’s clear layout, ease of use and potential for profit making if you’ve properly with a good trading plan. I haven’t started making any profits with it yet but hope to make some profit if I get the hang of it.” – A 4-star revew.
“just a parabolic sar with fancy snazziness. don’t waste your money, put a parabolic sar on your chart and just use that…” – A 1-star review.
So the majority of reviews are very positive and state that it is working well, even with all this positivity, we would recommend downloading and trying out the free version, this will give you a better understanding of how it works and it will also make sure that you are able to get it set up correctly.