The free Forex price action indicator for Metatrader 4 provides trading signals based on the % high price and % low price for the last 100 bars.
It can be used on all time frames for any currency pair.
Trading Signals
Buy signal: The trend line must be blue colored. Then wait for an up arrow to appear on the chart.
This is your price action based buy entry signal (see USD/JPY image below for better understanding).
Sell signal: The trend line must be red colored. Then wait for an down arrow to appear on the chart.
This is your price action based sell entry signal.
Indicator Preferences
Currency pairs: any
Time frames: any
Trading sessions: any
Download
Download the pricefxrange.mq4 indicator.
Configurable Indicator Options
Colors, sound alerts, email alerts
Example: USD/JPY H4 Chart
How to install the Free Forex Price Action Trading Signals custom indicator in Metatrader 4?
- Download the pricefxrange.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.