The Forex Trend Signals V1 indicator for MT4 is composed of two moving averages and the CCI indicator with default period 236.
Green colored bars below the main chart window suggest bullish trend, red bars bearish trend and yellow bars flat or range-bound trend.
Trading Signals
BUY: Wait for the first green bar.
SELL: Wait for the first red bar.
Download
Download the Forex_Trend_Signalsv1.mq4 Metatrader 4 indicator.
Configurable Indicator Options
maMethod1, maPeriod1, maMethod2, maPeriod2, TrendCCIperiod, EnrtyCCIperiod, EmailAlert…
EUR/USD 4 Hour Chart Example
How to install the Forex Trend Signals V1 custom indicator in Metatrader 4?
- Download the Forex_Trend_Signalsv1.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.