The MMR indicator provides buy and sell signals based on a moving average crossover (EMA + LWMA) along with MACD and RSI.
Red bars below the main MT4 window indicate sell signals while green bars indicate buy signals.
BUY: Buy the first green bar in series of green bars.
SELL: Sell the first red bar in a series of red bars.
Use in conjunction with other technical tools.
GBP/USD 4 Hour Chart Example
How to install the MMR Signals custom indicator in Metatrader 4?
- Download the MMR Signals.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.