The Flat indicator for MT4 is composed of two simple moving averages and a trigger signal.
Dark blue colored bars suggest a bullish trend. Dark red colored bars suggest a bearish trend.
Trading Signals
BUY: Go long after the close of the first dark blue bar.
Exit on an opposite signal (dark red bar).
SELL: Go short after the close of the first dark red bar.
Exit on an opposite signal (dark blue bar).
Download
Download the Flat.mq4 indicator.
Configurable Indicator Options
MAfast,MAslow, trigger, maxbars
GBP/USD Daily Chart Example
How to install the Flat custom indicator in Metatrader 4?
- Download the Flat.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.