The Trend Scanner indicator is a multi-timeframe indicator that will assist traders in quickly identify the current trend of a currency pair. The dashboard displays the trend in 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly time frames on a chart. Thus, any trader can immediately assess if the market trend is an uptrend, downtrend, or trading sideways with a glance at the indicator.
The Price Band indicator also needs to be installed together with the Trend Scanner indicator to make it work. In addition, each component of this indicator has the option of having its settings customized.
This is a MetaTrader 4 (MT4) indicator and works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.
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