The Cronex Impulse Metatrader 4 indicator is a winning Forex signals indicator that’s very easy to use.
The indicator combines three moving average indicators i.e. the SMMA MA of High, SMMA MA of Low and the LWMA MA of Weighted (which is actually the impulse signal line).
It’s composed of a two-colored histogram that delivers the actual trading signals.
- In order to fully understand the Cronex Impulse MT4 indicator, pay more attention to the height of the colored histograms.
- Trading the Cronex Impulse indicator will greatly help users to locate pullback market sessions.
- Open buy/sell positions only when the histograms crosses the zero signal line.
Feel free to explore the Cronex Impulse Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Cronex Impulse Forex Indicator Chart (EUR/USD M15 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Cronex Impulse MT4 Indicator
Buy Signal: Go long when the Cronex Impulse indicator prints histograms above the zero-signal level.
When the blue line of the Alligator MT4 indicator crosses the below the lime and red lines in a bottom up fashion, it is a buy signal confirmation.
Sell Signal: Go short when the Cronex Impulse indicator prints histograms below the zero-signal level.
When the blue line of the Alligator MT4 indicator crosses the above the lime and red lines in a top downward manner, it is a sell signal confirmation
Exit buy trade: Close all buy orders if while a bullish trend is running, the Cronex Impulse MT4 indicator prints a magenta histogram above the 0.00 horizontal level, with no histogram protruding beneath. Else, exit the buy trade when the red line of the Alligator indicator intersects the lime line.
Exit sell trade: Close all sell orders if while a bearish trend is on going, the Cronex Impulse MT4 indicator prints a magenta histogram below the 0.00 horizontal level, with no histogram protruding above. Else, exit the sell trade when the red line of the Alligator indicator intersects the lime line.
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Slow MA, fast MA, signal MA.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.