Fiji Trend Indicator in MetaTrader 4 Download - Free - [TradingFinder]

The Fiji Trend Indicator is a popular and widely-used tool in MetaTrader 4, utilized by traders to identify trends and pinpoint Entry and Exit points. Based on a combination of moving averages, this indicator provides entry signals for trades using arrow markers. The Fiji Trend Indicator focuses on recognizing and displaying valid trends by filtering out minor fluctuations and price noise.

Indicator Specifications Table

Upward Signal

The 30-minute price chart of the cryptocurrency Solana illustrates how the Fiji Trend Indicator generates signals. As shown in the image, the indicator issues a buy entry signal using a green arrow after each downward trend ends.

Downward Signal

Based on the 1-hour price chart analysis of gold against the U.S. dollar (XAU/USD), the Fiji Trend Indicator displays downward trends in orange and upward trends in blue within the oscillator section. After each upward trend, the Fiji Trend Indicator issues a sell entry signal using a red arrow.

Indicator Settings

• Chart theme: Customize the indicator theme;
• M.A. period: Set moving average period to 5;
• M.A. method: Set the averaging method to 3;
• Applied price: Set calculation price to 0;
• ATR period: Set ATR period to 11;
• Volatility factor: Set volatility factor to 1.3;
• Offset factor: Set offset factor to 0.15;
• Alert: Enable alert option.

Conclusion

The Fiji Trend Indicator in MetaTrader 4 is useful for identifying entry and exit points. It disregards minor fluctuations and noise, providing a chart of valid trends. Additionally, the Fiji Indicator issues signals for entering trades using arrow markers.