The Vegas 1 hour indicator takes advantage of two exponential moving averages: EMA144 and EMA169.
It creates a tunnel that provides buy and sell signals for traders.
Use this indicator on the hourly chart for best performance.
BUY: Price needs to close above the green and blue EMA line. This creates a bullish bias.
SELL: Price needs to close below the green and blue EMA line. This creates a bearish bias.
EUR/USD 1 Hour Chart Example
How to install the Vegas Currency 1 Hour custom indicator in Metatrader 4?
- Download the Vegas Currency 1 Hour.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.