The FNCD Forex Signal Histogram MT4 indicator is an enhanced version of the FNCD Forex Signal Trigger MT4 indicator.
The indicator works similar in detecting buy and sell trade opportunities across all currency pairs and time frames.
Personally, I like this version of the FNCD version a little bit more but choice is up to you.
The indicator consists of a colored histogram that oscillates above and below the 0.00 neutral level.
Generally, when the FNCD oscillator oscillates above the 0.00 level, price is considered bullish.
When the oscillator goes below the 0.00 level, price is considered bearish.
Just load the FNCD Forex Signal Histogram indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Price is trending up when the FNCD histogram is trading above the 0.00 level.
- Price is trending down when the FNCD histogram is trading below the 0.00 level.
- Fits all currency pairs and time frames of your preference.
- Easy to buy and sell currency pairs with this indicator.
Feel free to explore the FNCD Forex Signal Histogram 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 FNCD Forex Signal Histogram MT4 Indicator
Buy Signal: Open a buy trade order when the FNCD Forex oscillator prints its first green bar above the 0.00 neutral level.
Place your stop loss 3 pips below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade whenever an opposite signal appears on the chart (sell signal).
Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.
Sell Signal: Open a sell trade order when the FNCD Forex oscillator prints its first red bar below the 0.00 neutral level.
Place your stop loss 3 pips above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade whenever an opposite signal appears on the chart (buy signal).
Alternatively, exit the sell trade for a reward/risk ratio of 2.0 or better.
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FN, deviation, fast EMA, slow EMA, 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 oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
The FNCD Forex Signal Histogram custom MT4 indicator is worth trying it out. Just add it to your Metatrader chart.
It’s a great trend-following oscillator indicator, but please keep in mind that its performance will vary depending on market conditions and other factors.
Use on a demo account first to make yourself familiar with this trading tool!