ASCTrend 1 SIG
Free trend-following signal indicator · Blue/magenta circle signals · Best on higher TF · MT4
About ASCTrend 1 SIG Indicator
The ASCTrend Indicator, documented at theforexgeek.com, forexstrategiesresources.com, mt4collection.com, and indicatorforest.com (which specifically hosts the "Asctrend 1 SIG" variant), is a popular, free trend-following indicator for MetaTrader 4. It uses an Average Swing Chart methodology to identify trend direction and generates buy/sell signals by analysing price-action changes.
Visual signals appear directly on the chart: a blue circle beneath the candle signals an emerging uptrend, while a magenta circle above the candle signals a downtrend. A related "Better ASC Trend" variant is also available with refined signal filtering.
- Platform: MetaTrader 4
- Type: Trend-following signal indicator (Average Swing Chart based)
- Signals: Blue circle (below candle) = uptrend, magenta circle (above candle) = downtrend
- Best used on: Higher timeframes (can give false signals on lower timeframes)
- Price: Free
- Source: indicatorforest.com · Asctrend 1 SIG Indicator
Key Features
✓ Simple, easy-to-follow visual trend signals — no complex settings needed
✓ Free — no purchase cost
✓ "Better ASC Trend" variant available with improved signal filtering
⚠ Can produce false signals on lower timeframes — best used on higher timeframes for reliability