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Pip Boxer Metatrader 4 Indicator

    The Pip Boxer indicator oscillates above and below two extreme values, -100 level and +100 level. -100 level indicates oversold markets. +100 level indicates overbought markets.

    Use oversold values to go long in uptrends.

    Use overbought values to go short in downtrends.

    Trading Signals

    BUY: In uptrends: Go long if Pip Boxer crosses -100 from below.
    SELL: In downtrends: Go short if Pip Boxer crosses +100 from above.

    Use in conjunction with trend analysis indicators/trend lines (see picture below) to determine the primary trend. Avoid trading against the primary trend.


    Download the Pip Boxer.mq4 indicator.

    USD/JPY Daily Chart Example


    How to install the Pip Boxer custom indicator in Metatrader 4?

    • Download the Pip Boxer.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.