The ASC Trend Indicator for MT5 (also known in some builds as ASCtrend or SC Trend) is a lightweight, rules-based trend detection tool built around Williams %R (WPR). It combines multiple WPR periods, local volatility/range analysis and confirmation scanning to produce clear buy and sell arrows on the main chart. Designed for traders who prefer straightforward signals with built-in filters, ASC Trend aims to reduce noise and highlight higher-probability reversal and continuation moments.

ASC Trend Indicator for MT5 Free Download chart image

Why ASC Trend?

Traditional single-period momentum indicators often produce noisy or false alarms in choppy markets. ASC Trend addresses this by:

  • Comparing multiple Williams %R periods (short, medium, adaptive) to confirm momentum across timeframes.
  • Using short-range volatility measurements to ignore spikes and thin-market moves.
  • Requiring short confirmation windows so arrows are plotted only when momentum conditions persist.
  • Plotting arrows at practical price levels (slightly beyond recent highs/lows) to show logical entry points and where a stop could go.

This approach delivers a compact visual tool for intraday and swing traders who want signal clarity without cluttering the chart with many indicators.

Key Features

  • Multi-period Williams %R: combines fast and adaptive WPR values for robust momentum confirmation.
  • Adaptive Sensitivity (RISK): a single input controls how conservative or aggressive the indicator behaves.
  • Volatility / Range Filters: averages of recent high-low ranges help reduce false signals during erratic price action.
  • Buy / Sell Arrows: clear color-coded arrows plotted at price levels suggesting entry points.
  • Low resource usage: two chart buffers (buy/sell) and native MT5 handles for efficient execution.
  • Free Download: available as .mq5 (source) and .ex5 (compiled) files.
  • RISK (default 4): primary sensitivity control.
    • Lower = more conservative (fewer signals, stronger confirmation).
    • Higher = more sensitive (more signals, earlier entries).
  • Timeframes: M5, M15, H1 are recommended starting points. Use H4 for swing trading.
  • Instruments: major Forex pairs, XAUUSD (gold) and liquid instruments perform best. For exotics, increase RISK to reduce noise.

Practical tip: adjust RISK by ±1 and forward-test on demo to find the sweet spot for your pair/timeframe.

How to Install (MT5)

  1. Download the indicator file (ASCtrend.mq5 or compiled ASCtrend.ex5).
  2. In MT5: File → Open Data Folder → MetaTrader 5 → Indicators.
  3. Paste the file into the Indicators folder.
  4. Restart MetaTrader 5 or refresh the Navigator.
  5. Attach ASC Trend to a chart and set the RISK parameter and timeframe as desired.

Trading Use-Cases & Strategy Examples

1. Intraday Trend Reversal (M5–M15)

  • Wait for a Buy arrow after price pulls back to a support area or a moving average.
  • Validate with a bullish candle close or a higher-timeframe uptrend.
  • Place stop-loss just below the recent low (arrow level + buffer). Target 1–1.5× stop distance.

2. Swing Entry (H1–H4)

  • Use ASC Trend arrows to refine entries aligned with the higher-timeframe trend.
  • Prefer entries when arrow appears near confluence (previous swing low/high or MA).
  • Trail stop with ATR or use the plotted range metric to size stops.

3. Confirmation Filter

  • Use ASC Trend arrow as confirmation rather than a standalone trigger; combine with RSI, EMA, or price structure for stronger setups.

Advantages

  • Simplicity: single arrow outputs make decision-making faster.
  • Adaptive filters: multi-period WPR + volatility checks reduce whipsaw signals.
  • Actionable levels: arrows mark concrete price points for stops/entries.
  • Performance-friendly: minimal buffers keep MT5 responsive even with many charts open.

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Limitations & Best Practices

  • No indicator is perfect — ASC Trend should be part of a trading plan that includes position sizing and risk rules.
  • Avoid using the indicator alone during major economic releases due to slippage and spread widening.
  • Always backtest and forward-test on demo for the specific pair and timeframe you intend to trade.
  • Adjust RISK to match your account size and risk tolerance.

Frequently Asked Questions (FAQ)

Q1: Is ASC Trend Indicator free?
Yes — the indicator is available for free download in the .mq5 (source) and .ex5 (compiled) formats. Include your download link on the post.

Q2: Which timeframe is best?
M5–H1 provide frequent actionable signals; H4 works for swing trades. Test to confirm.

Q3: Does ASC Trend repaint?
Arrows are produced after confirmation logic and are not intended to repaint. Still, validate behavior on historical and live demo charts before trading live.

Q4: Can I use this on MT4?
This version is coded for MT5 (MT5 indicator handles and buffer calls). A separate MT4 port is required to run on MetaTrader 4.

Q5: How should I manage risk?
Use the arrow price level and recent structural highs/lows to set stops. Risk 0.5–2% of account per trade depending on your plan.

Conclusion

The ASC Trend Indicator for MT5 is an efficient, Williams %R-based tool for traders who want clear entry cues backed by multi-period momentum and volatility filtering. It’s lightweight, easy to use, and particularly well-suited for traders who prefer visual, rule-based signals. Use it as a confirmation tool within a larger trading system, test it thoroughly on demo, and adjust the RISK parameter to match your trading profile.