This Forex indicator for MT4 is called MKNC. It provides easy to read buy and sell signals.
The indicator consists of red dots and a blue signal line for trend direction.
It’s based on fast and slow exponential moving averages.
Trading Signals (see image below)
Blue indicator signal line crosses the red dots from below. Open buy order at the open of the next candlestick.
Blue indicator signal line crosses the red dots from above. Open sell order at the open of the next candlestick.
Currency pairs: Any
Preferred Time frames: Suitable for 1 min charts and higher.
Sessions: 1 minute, 5 minute , 15 minute: London and US. All trading sessions above the 15 minute time frame.
Configurable Indicator Options
Colors, signal period, applied price, fast and slow EMA period
How to install the MKNC Signal Forex Trend custom indicator in Metatrader 4?
- Download the MKNC_4.ex4 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.