The LabTrend Indicator is a popular, free, and useful Forex indicator for MT4. This indicator provides traders with an easy way to identify trend direction and strength on any time frame. The LabTrend Indicator is based on a combination of moving averages and price action analysis. This allows it to accurately detect the trend direction in real-time, and provide traders with clear buy or sell signals. With its simple yet powerful design, the LabTrend Indicator is one of the most popular free indicators available for Forex traders.