Alpha Trend is an easy to use trend prediction Forex indicator for the Metatrader 4 platform.
The Alpha Trend Spotter indicator predicts the trend for the next day or hour.
Trading Signals
Buy: Last bar must be green colored. Open a buy trade (1 day for daily time frame, 1 hour for hourly time frame).
Sell: Last bar must be red colored. Open a sell trade (1 day for daily time frame, 1 hour for hourly time frame).
No trade: Orange colored bar means sideways trend.
Indicator Preferences
Currency pairs: any
Preferred Time frames: 1 hour and daily
Sessions: any
Download
Download the alphatrendspotter.mq4 indicator.
Configurable Indicator Options
Daily period (default value: 5), colors
How to install the Alpha Trend Prediction custom indicator in Metatrader 4?
- Download the alphatrendspotter.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.