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Arbitrage Forex Indicator

    The Arbitrage Forex indicator for Metatrader 4 draws signal bars in a sub window below the main trading chart.

    Each bar represents the stronger versus the weaker currency.

    For example, in the USD/JPY chart below, yellow colored bars represent JPY > USD (price goes down).

    On the contrary, green colored bars represent USD > JPY (price goes up).

    Trading Signals (see image below)


    Wait for the arbitrage indicator to turn green from yellow.


    Wait for the arbitrage indicator to turn yellow from green.

    Indicator Preferences

    Currency pairs: Indicator works on the following pairs: GBP/USD, EUR/USD, USD/JPY, USD/CHF and EUR/JPY.

    Preferred Time frames: Suitable for 1 min charts up to the monthly charts.

    Sessions: any


    Download the arbitrage.mq4 indicator.

    Configurable Indicator Options

    Choose Indicator: MACD, Stochastic, RSI, CCI, RVI, DeMarker, colors, periods

    USD/JPY H1 Chart Example


    How to install the Arbitrage custom indicator in Metatrader 4?

    • Download the arbitrage.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.