HIROSE MT4 Original Indicators

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HRS_TrendFinder_Dash.ex4

TrendFinder_Dash displays the strength of trends calculated by TrendFinder across various currency pairs. Typically, a trend is considered strong if the strength is above 60%, and anything below that is regarded as a range-bound market.

Additionally, this tool can be used to assess currency strength. For example, if the bar meter is skewed to the left, the baseCurrency is strong, and if it’s skewed to the right, the quoteCurrency is strong. By simply looking at the indicator, you can instantly identify which currency is stronger.

1. Version Information

2025.02.01 Version 1.00 Released
2025.02.02 Version 1.03 Bug Fixes

2. How to Set Up

The setting for this indicator is simple: just specify the name of the currency pair you want to display. However, pairs that are not supported cannot be displayed.

3. How to Use

This indicator displays the strength of the trend for currency pairs. If the bar meter is tilted to the left, it indicates a buy signal, and if it’s tilted to the right, it indicates a sell signal. This allows you to instantly see the relative strength of each currency.

The currency pair names on the left side of the indicator serve as chart switch buttons. The current chart is highlighted in yellow, and after checking the trend strength with the indicator, you can easily switch to the chart of a currency pair that interests you with just one click.