Welles Wilder

Welles Wilder

? Wilder Trend Indicator (MT5)

The Wilder Trend Indicator is a clean and lightweight trend-following tool based on Wilder’s Moving Average smoothing method.
It visually highlights market direction by separating uptrend and downtrend movements directly on the price chart.

The indicator is designed to be simple, flexible, and non-intrusive, making it ideal for discretionary traders who want clear trend confirmation without cluttering the chart.

? Key Features

• Uses Wilder-style smoothing for stable trend detection

• Separate buffers for uptrend (green) and downtrend (red)

• Multiple visual modes:

  • Dots (points)

  • Solid line

  • Thin dotted line (clean background trend)

• Customizable:

  • Period

  • Applied price (Close, Open, High, Low)

  • Colors

  • Line style and thickness

• Works on all symbols and timeframes

? Visual Modes

• Dots Mode – highlights trend direction candle by candle

• Line Mode – continuous trend visualization

• Thin Dotted Mode – subtle trend guide without interfering with price action

? Best For

• Trend confirmation

• Trend-following strategies

• Multi-timeframe analysis

• Clean chart setups