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.

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


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