The Glasneba indicator for MT4 is a trend and volatility trading tool that combines the DMI (Directional Movement Indicator), ADX (Average Directional Index), and EMA (Exponential Moving Average) to provide bullish and bearish forex trading signals. It is especially useful for identifying both trend direction and Trend Strength.
This histogram-based indicator is suitable for both new and advanced forex traders and works on all intraday charts as well as daily, weekly, and monthly timeframes. It can also be integrated into automated trading strategies.
How It Works
- DMI Histogram:
- Above zero: Uptrend
- Below zero: Downtrend
- ADX Lines:
- Yellow line above blue line: Confirms bullish trend
- Yellow line below blue line: Confirms bearish trend
- Gap between ADX lines: Reflects trend strength
- EMA: Used for smoothing and Trend Confirmation
Trading Strategy
- Buy Trade:
- Histogram bars above zero
- Yellow ADX line above blue line
- Place stop loss below previous swing low
- Book profits at opposite signal
- Sell Trade:
- Histogram bars below zero
- Yellow ADX line below blue line
- Place stop loss above previous swing high
- Exit at opposite signal
Traders can trade in confluence using both the DMI histogram and ADX lines for higher-probability setups.
Benefits and Features
✔ Measures trend direction and trend strength
✔ Visual histogram and line display for easy interpretation
✔ Works on all timeframes – intraday to monthly
✔ Suitable for Scalping, intraday, and long-term trading
✔ Can be integrated into automated trading systems
✔ Free to download and easy to install
Conclusion
The Glasneba indicator for MT4 is a directional and strength forex Trend Indicator that combines DMI, ADX, and EMA. It provides clear buy and sell signals while showing the trend’s strength, making it a reliable tool for both beginner and advanced traders.
