The AFIRMA price movement follower for MT4 shows price movements with great accuracy on the trading chart.
It works on a moving average with digital filter to reduce the time lag.
You can setup 4 digital AFIRMA window filters:
Rectangular, Hanning, Hamming, Blackman and Blackman Harris.
- The trend is considered bullish when the slope of the AFIRMA Forex indicator is moving upward.
- The trend is considered bearish when the slope of the AFIRMA Forex indicator is moving downward.
Download This MT4 Forex Indicator Free
Download the “afirma-indicator.ex4” Metatrader 4 indicator
AFIRMA Price Movement Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With AFIRMA Price Movement Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: A new buy order can be initiated when the slope of AFIRMA indicator is pointing upward.
Place a stop loss below the most recent support level, or use your own stop loss strategy.
Take profit at reward/risk 1:1 or use you own take profit strategy.
Sell Trigger: A new sell order can be initiated when the slope of AFIRMA indicator is pointing downward.
Place a stop loss above the most recent resistance level, or use your own stop loss strategy.
Take profit at reward/risk 1:1 or use you own take profit strategy.
Download This Forex Indicator Now
Download the “afirma-indicator.ex4” MT4 indicator
Adjustable Parameters
Periods, taps, window, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: digital MA filter
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.