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Retracement Finder Metatrader 4 Indicator

The retracement finder MT4 indicator has great potential if used properly.

Use it only in trending markets to pin-point your entries.

You could be using trend lines or trend indicators to define the trend. See image below.

Works for any currency pair and time frame.

Trading Signals

Uptrending markets: Wait for the first blue bar to appear on your chart then go long.
Downtrending markets: Wait for the first red bar to appear on your chart then go short.

Download

Download the Retacement Finder.mq4 indicator.

EUR/USD Daily Chart Example

retracement-finder-indicator-mt4

How to install the Retracement Finder custom indicator in Metatrader 4?

  • Download the Retacement Finder.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.