MetaTrader 5 Horizontal Trend Indicator Download - Free | Forex Indicator Download - MT4/MT5 Resource

The Horizontal Trend Indicator is designed for traders who are stuck during neutral or non-trending market periods.

This trading aid indicator , by identifying range areas and accurately analyzing price movements , enables users in MetaTrader 5 indicators to identify trendless market periods and avoid entering inappropriate or high-risk trades under these conditions.

Sideways Trend Indicator Specifications

The complete specifications of this indicator are shown in the table below:

Indicator Overview

The Horizontal Trend Indicator utilizes precise price movement analysis to highlight non-trending zones in green , helping traders avoid making incorrect trades during these periods.

When the indicator line moves out of the neutral zone , it generates specific trading signals. A blue line marks the beginning of an uptrend , while a red line marks the beginning of a downtrend .

Indicators are in an upward trend

In the currency pair 5-minute timeframe on AUD/NZD , when the indicator line exits the neutral zone and moves upward, it turns blue .

This change marks the beginning of an uptrend. In this case, traders can enter buy trades , as buying pressure increases, indicating a higher likelihood of price appreciation.

Indicators are in a downward trend

On the weekly timeframe of the CHF/JPY price chart, the indicator line exits the neutral zone and turns red , marking the beginning of the downtrend.

This situation reflects increased selling pressure and potential price declines. Traders can take advantage of this downward trend to make profits.

Sideways trend indicator settings

You can see the indicator settings in the image below:

• 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 (Sideways Trend) is not only an analytical tool but also a smart filter for eliminating errors during non-trending periods.

One of its outstanding features is the ability to quickly detect market changes and distinguish neutral areas from actual trends.