Qianxi Indicator

📊 Identifies possible price reversals and trends in the Forex market.
🔴🟢 Colored dots display signals: red for potential reversal, green for trend continuation.
📈 Histogram shows trend strength for better decision-making.
⏱️ Multi-timeframe support for intraday and swing trading.
🛠️ Beginner-friendly and easy to use.
🆓 Free MT4 indicator for price action and trading robots.

🚀 Features of the Qianxi MT4 Forex Indicator

  • 🔹 Trend and Reversal Signals – Uses colored dots to indicate potential market reversals and trends.

  • 📊 Trend Strength Histogram – Visualizes the strength of the current trend for improved trade timing.

  • 🔄 Non-Repaint Indicator – Signals remain stable and do not repaint, ensuring reliability.

  • ⏱️ Supports Multiple Timeframes – Useful for intraday and swing trading strategies.

  • 💡 Price Action Analysis – Combines trend analysis, technical indicators, and price action for accurate signals.

  • 🛠️ User-Friendly – Easy to install and interpret, suitable for both beginners and advanced traders.

🎯 Benefits of Using the Indicator

  • Identify Potential Entries & Exits – Colored dots and histogram help optimize trade decisions.

  • 📈 Follow Market Trends – Helps traders spot continuation and reversal patterns effectively.

  • 🔄 Versatile Trading Styles – Works for intraday and swing trading strategies.

  • 💻 Free and Reliable Tool – MT4-compatible and ready to use for all levels of traders.

  • Enhances Trading Efficiency – Reduces guesswork and supports informed decision-making.

Input Settings & Controls

⚙️ Settings Section

  • Amplitude → Defines the sensitivity of the pattern detection by controlling the minimum wave size.

  • Breakout Period → Determines how many bars are checked to confirm a breakout.

  • Max History Bars → Limits how many past bars the indicator will analyze to save resources.


📊 Patterns Section

  • BullWave → Color/style used to display bullish wave formations.

  • BearWave → Color/style used to display bearish wave formations.

  • Wave Size → Controls the minimum number of bars required to recognize a wave.


🏷 Labels Section

  • DisplayPoints → Option to show or hide wave points on the chart.

  • BearLabel → Custom label color/style for bearish waves.

  • BullLabel → Custom label color/style for bullish waves.

  • Label Font Size → Sets the font size for displayed labels.


📐 Ratios Section

  • DisplayRatios → Enables or disables the display of Fibonacci or harmonic ratios.

  • Ratio Label → Color/style for ratio text displayed on the chart.

  • Ratio Font Size → Size of the text used for ratio labels.

  • RatioLine → Style/width of the lines used to show ratio levels.


🔢 Custom Ratios Section

  • Min_AC / Max_AC → Defines the allowed Fibonacci ratio range for AC legs of patterns.

  • Min_BD / Max_BD → Defines the allowed Fibonacci ratio range for BD legs of patterns.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

Risk Disclaimer

  • TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
  • We are not SEBI Registered Investment Advisors or Research Analysts.
  • All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
  • We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
  • TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
  • All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
  • Users may utilize the software and tools for paper trading or strategy evaluation only.
  • If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
  • Any such use is at the user’s sole discretion and risk.
  • We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
  • Use of our software, tools, or services.
  • Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
  • All market data and content provided are subject to delays, inaccuracies, or errors.
  • Past performance (actual or hypothetical) is not indicative of future results.
  • Hypothetical or backtested performance may not reflect the impact of actual market conditions.
  • Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
  • Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
  • Automated signals or scanners are tools for evaluation—not trading instructions.
  • TrendCharts content does not account for personal financial conditions, goals, or investment profile.
  • Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
  • Do not rely solely on any information presented on our site for actual trades.
  • Datafeeds and information may be delayed as per data vendor policies or exchange requirements.
  • We do not guarantee the real-time accuracy, timeliness, or completeness of such data.
  • No legal claim may be made against us or our data providers based on inaccuracies.
  • Any user testimonials are individual opinions and may not represent the typical user experience.
  • Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
  • All opinions, data, signals, and analyses shared on the website are subject to change without notice.
  • TrendCharts reserves the right to modify tools, content, and services at its discretion.
  • Our software or product names are for branding purposes only and do not imply any market prediction or financial guarantee.
  • No claim is made regarding profitability from any software usage.
  • All content—charts, indicators, tools, or data—is designed for testing, analysis, and learning.
  • No real-money trading or investment recommendations are provided or supported.

⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

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