The Forex Signals Indicator With Arrows for Metatrader 4 provides precise buy & sell trade entries that work for any currency pair.
The signals are easy to trade and appear in the main chart window as green and red colored arrows.
A green arrow is a buy signal while a red arrow a sell signal.
The indicator should work properly for any time frame of your preference.
For scalping, deploy the arrow indicator during the London and New York trading sessions only.
General Information
- Arrow buy/sell indicator
- Works for any currency pair
- Works for any time frame
- Does not repaint signals
- Developed for Metatrader 4
Free Download
Download the LCSignal_wAlert.mq4 indicator file (MT4)
Indicator Chart Example
The picture below shows the Forex Signals Indicator With Arrows attached to the Euro / U.S. Dollar M5 chart.
How to use this Forex indicator?
This Forex indicator can be used in multiple ways, find an example below:
Buy Signal:
- A green arrow is a buy signal.
- Place your stop loss below the previous swing low price.
- Exit the buy trade for a fixed profit target or wait for a red arrow.
Sell Signal:
- A red arrow is a sell signal.
- Place your stop loss above the previous swing high price.
- Exit the sell trade for a fixed profit target or wait for a green arrow.
How to install the Forex Signals Indicator With Arrows to the Metatrader 4 platform?
- Download the LCSignal_wAlert.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
