MetaTrader 4 Sideways Trend Indicator - Free | Forex Indicator Download - MT4/MT5 Resources

The Horizontal Trend Indicator is one of the key tools among the MetaTrader 4 indicators that helps identify trendless (range or neutral) market cycles .

This MetaTrader 4 oscillator provides clear trading signals for entry into trades once the market exits range conditions. It helps traders more accurately enter the market under optimal conditions.

Sideways Trend Indicator Specifications

The following table specifically reviews the features and functions of this indicator:

Indicators at a glance

The Horizontal Trend indicator is similar to the classic RSI index , except that its values ​​oscillate in the range -1 to 1 . By displaying the neutral zone green , it helps traders identify market periods that lack a clear trend.

Indicators are in an upward trend

When the indicator line leaves the neutral zone and moves upward, its color changes to blue , indicating the beginning of an uptrend .

This signal indicates increasing buying pressure in the market and suggests that prices may rise. Traders can take advantage of this opportunity to enter the market during an uptrend.

Indicators are in a downward trend

Once the indicator line exits the green zone (neutral zone), it turns red , indicating the beginning of a downtrend .

This state reflects increased selling pressure in the market, allowing traders to take advantage of selling opportunities (Sell) and profit from falling prices.

Sideways trend indicator settings

The image below shows the indicator settings:

• Chart Theme: indicator background image;
• RSI Period: The calculation period of the indicator; the default value is 20 ;
• Signal Level: Customizable level on the chart; the default value is 0.38 ;
• Neutral Level: Displays the neutral zone; the default value is 0.05 .

Conclusion

The “Sideways Trend” indicator not only provides entry signals for trading, it also identifies neutral zones green , highlighting market periods when there is no clear trend.

This feature helps traders avoid taking trades under adverse conditions.