Arbitrage Forex Indicator
The arbitrage 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)
Buy: Wait for the arbitrage indicator to turn green from yellow.
Sell: Wait for the arbitrage indicator to turn yellow from green.
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.
Configurable Indicator Options
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