Mega Trend Indicator for MetaTrader 4 – Free Download [TradingFinder] – MT4/MT5 Resource

The Megatrend Indicator is a technical analysis tool based on long-term moving averages designed to distinguish major market trends from short-term fluctuations and identify potential phase shifts in price action.

This indicator provides entry and exit signals through the color change of the trend line.

Big trend indicator table

The general characteristics of macrotrend indicators are shown in the table below.

Overview of big trend indicators

Big trend indicators are based on Simple Moving Average (SMA) and Exponential Moving Average (EMA) with predefined periods.

This trading tool displays price action and major market phases. The output appears as colored lines on the chart:

• Blue indicates an upward trend;
• Red indicates a downward trend.

These colors not only represent trend direction but also serve as important entry and exit points.

Indicators are in an upward trend

The chart below shows the CAD/JPY currency pair on a 30-minute time frame. In this tool, the trade entry conditions are met when the color of the general trend line changes from red to blue.

This change marked the beginning of a significant upward trend. For signal verification, it is recommended that this color change occurs near a reliable support area or after a breakthrough of a resistance level.

Indicators are in a downward trend

The chart below shows the Cardano cryptocurrency (ADA/USD) on the 15-minute time frame. In a downtrend, when the indicator line changes from blue to red, it indicates that the market is starting to fall.

If this color change occurs close to an important technical level (such as support or resistance ), it can be considered a valid sell signal.

Big trend indicator settings

The figure below shows the settings panel's general trend indicator:

• Period : moving average period
• Ma Method : quadratic moving average method
• Applied Price : Price base
• ALERT : Display Alert
• EMAIL : Email delivery
• NOTIFICATION : mobile notification
• MESSAGE TIMEOUT : Delay between messages
• MESSAGE SUBJECT : Message subject.

Conclusion

The general trend indicator uses long-term moving averages to indicate trend changes by changing the color of the lines on the chart. A change in color from red to blue marks the beginning of an uptrend and an area suitable for buying entries, while a change from blue to red marks the beginning of a downtrend and indicates a potential selling opportunity.