The 8 Waves Forex indicator for MT4 consists of 8 different waves (red, orange, yellow, lime, blue, dodgerblue, darkviolet, dimgray) with 0.00 neutral level.
It moves between 0.0115 max. level and -0.0115 min. level.
Trading Signals
Buy: Wait for the red wave to cross above all the other waves from below.
Sell: Wait for the red wave to cross below all the other waves from above.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: Any
Download
Download the waves-indicator.mq4 indicator.
Configurable Indicator Options
Colors
GBP/USD 4 Chart Example
How to install the 8 Waves custom indicator in Metatrader 4?
- Download the waves-indicator.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.