A buy and sell correlation signals Forex indicator based on the cross-over of two lines.
Feel free to experiment with the slow and fast period to optimize the results for you.
Trading Signals
Buy: Blue arrow (red line crosses the green line from below)
Sell: Yellow arrow (red line crosses the green line from above)
Tips:
Uptrend: trade the blue arrows, ignore the yellow arrows.
Downtrend: trade the yellow arrows, ignore the blue arrows.
Range: use in conjunction with support and resistance.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: any
Download
Download the Correlation-mt4.mq4 indicator.
Configurable Indicator Options
PCPeriod_fast, PCPeriod_slow, SmPeriod_fast, SmPeriod_slow, colors
EUR/USD 1 Hour Chart Example
How to install the Buy And Sell Correlation custom indicator in Metatrader 4?
- Download the Correlation-mt4.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.