The Forex Profit Extremum indicator for MT4 is a better trend-following oscillator indicator that filters out market noise for improved accuracy.
The Extremum MT4 indicator appears in a separate trading window.
It’s composed of colored bars that gives you clues about trend direction of any pair.
It can be used a standalone trend trading indicator or combined with price action.
Overall, the Extremum trend indicator is a profitable Forex trading indicator.
Just load the Forex Profit Extremum indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A buy trade triggers when the purple Extremum trend bars appear above the zero level.
- A sell trade triggers when the yellow Extremum trend bars appear below the zero level.
- Does not repaint its colored trend bars.
- Good for beginners and seasoned traders alike.
Feel free to explore the Forex Profit Extremum indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “extremum.ex4” Metatrader 4 indicator
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 Forex Profit Extremum MT4 Indicator
Buy Signal: Go long when the first purple Extremum trend bar gets printed above the 0.00 neutral level.
Place your stop loss 5 pips below immediate support, or use your own favorite stop loss method.
Close the buy trade whenever an opposite signal gets triggered (sell signal).
Alternatively, exit the buy trade for a reward/risk ratio of 1.5 or better.
Sell Signal: Go short when the first yellow Extremum trend bar gets printed below the 0.00 neutral level.
Place your stop loss 5 pips above immediate resistance, or use your own favorite stop loss method.
Close the sell trade whenever an opposite signal gets triggered (buy signal).
Alternatively, exit the sell trade for a reward/risk ratio of 1.5 or better.
Download This Forex Indicator Now
Download the “extremum.ex4” MT4 indicator
Input Parameters
Bars, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
