The Forex Sunrise indicator for MT4 is a popular trend indicator that’s always active in the market.
It consists of a colored dotted signal line that alternates between blue and pink color.
A blue signal line suggests that the pair will start trending up.
A pink signal line suggests that the pair will start trending down.
The indicator works great on all currency pairs and time frames.
It’s a simple indicator that can help beginners to make Forex trading a profitable experience.
Just load the Forex Sunrise indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A blue dotted Forex Sunrise line signals a buy trend.
- A pink dotted Forex Sunrise line signals a sell trend.
- No repaint trading indicator.
- Helps to enter the trend at an early stage, before the real move comes!
Feel free to explore the Forex Sunrise indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “forex-sunrise-indicator.ex4” Metatrader 4 indicator
Indicator Chart (EUR/USD M5 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 Sunrise MT4 Indicator
Buy Signal: Open a long position whenever the Forex Sunrise indicator starts drawing a blue signal line.
Set your stop loss below the blue signal line, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 1.5, or wait until you get an opposite trading signal.
Sell Signal: Open a short position whenever the Forex Sunrise indicator starts drawing a pink signal line.
Set your stop loss above the pink signal line, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 1.5, or wait until you get an opposite trading signal.
Download This Forex Indicator Now
Download the “forex-sunrise-indicator.ex4” MT4 indicator
Adjustable Parameters
Alert, email, 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.
