The Extrend Indicator for MT4 is a fractal-based trend trading tool that uses recent swing highs and lows to generate buy and sell signals. By analyzing the last high and low fractals, the indicator determines market direction and visually displays Trend Strength using dynamic trend lines.
Unlike traditional indicators that rely purely on moving averages, Extrend focuses on price structure. The slope of its automatically drawn trend lines reveals whether the market is bullish, bearish, or strengthening in momentum.
This indicator is best optimized for the H4 timeframe, making it more suitable for swing and position traders rather than scalpers or short-term traders.
How the Extrend Indicator Works
The indicator provides two main components:
1. Fractal-Based Signals
- Displays green fractal lines for potential buy signals
- Displays red fractal lines for potential sell signals
- Uses the highs and lows of the previous two fractals to generate signals
2. Trend Strength Visualization
- Draws two trend lines directly on the price chart
- Upward slope → Bullish market
- Downward slope → Bearish market
- Steeper angle → Stronger trend momentum
As price creates higher highs, the trend line slopes upward. During strong trends, the slope increases, helping traders visually assess trend strength.
Trading Strategy Using the Extrend Indicator
Buy Setup
- Wait for a green fractal line in the indicator window
- Confirm an upward-sloping trend line
- Enter a buy trade
- Place stop loss below the previous swing low
- Exit at opposite signal or based on risk-reward target
Sell Setup
- Wait for a red fractal line
- Confirm a downward-sloping trend line
- Enter a sell trade
- Place stop loss above the previous swing high
- Close the trade when an opposite signal appears
Because the indicator performs best on H4 charts, trades typically aim for larger trend moves.
Key Features and Benefits
✔ Uses fractals for precise swing identification
✔ Automatically plots trend strength lines
✔ Visual slope analysis for momentum assessment
✔ Best optimized for H4 timeframe
✔ Suitable for swing and long-term traders
Why Use the Extrend Indicator?
The Extrend Indicator helps traders focus on structural price movement rather than short-term noise. By combining fractal signals with slope-based trend strength measurement, traders can align their positions with dominant market momentum and avoid weak setups.
Conclusion
The Extrend Indicator for MT4 is a powerful fractal-based trend trading tool designed for longer-term market analysis. With automatic trend line plotting and clear buy/sell fractal signals, it helps traders identify both direction and strength of the prevailing trend.
