The Fisher Yur4ik Forex Metatrader 4 indicator is a popular trend trading indicator that works great for scalping and day trading.
The indicator appears in a separate MT4 trading window and paints red/green trend bars above and below its zero level.
It’s an excellent tool for scalping and day trading various pairs during the London and US trading session.
For swing trading, combine the indicator with a longer-term Moving Average and only execute signals from the Fisher Yur4ik in the direction of the underlying trend.
Just load the Fisher Yur4ik Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Good indicator for scalping and day trading pairs.
- Can be used as a standalone short-term trend indicator.
- Does not repaint and trend bars.
- Simple to use.
Feel free to explore the Fisher Yur4ik Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 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 Fisher Yur4ik Forex MT4 Indicator
Buy Signal: Open a buy trade position when the Fisher Yur4ik Forex indicator paints its first green trend bar above the 0.00 level.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Close the buy trade when the Fisher Yur4ik indicator prints its first red bar on the MT4 chart.
Alternatively, exit the buy trade for a fixed profit target of your preference.
Sell Signal: Open a sell trade position when the Fisher Yur4ik Forex indicator paints its first red trend bar below the 0.00 level.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Close the sell trade when the Fisher Yur4ik indicator prints its first green bar on the MT4 chart.
Alternatively, exit the sell trade for a fixed profit target of your preference.
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Period, colors, width, style.
More Info About This Indicator
Recommended Currency Pairs: any
Trading Platform: MT4
Time Frames: M1, M5, 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.