The VolcanoWMA indicator for Metatrader 4 provides buy and sell signals with audible alert. It has a nice win rate.
BUY: Wait for a green arrow to appear on the chart. Buy at the open of the following bar.
SELL: Wait for a red arrow to appear on the chart. Sell at the open of the following bar
Use in conjunction with other indicators, such as MACD and Moving Averages to avoid trading against the prevailing trend.
Configurable Indicator Options
EUR/USD 1 Hour Chart Example
How to install the VolcanoWMA custom indicator in Metatrader 4?
- Download the VolcanoWMA.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.