The FX Market Signals indicator for MT4 measures the trend with the help of the RSI, Stochastics, Moving Averages, CCI and TMA technical indicator.
The indicator displays a mini dashboard in the upper right part of the chart (X and Y settings can be fully modified).
Based on the analysis, the FX Market Signals indicator displays small buy and sell arrows for the M1, M5, M15, M30, H1 and H4 time frames.
Generally speaking, when most of the buy/sell arrows trade in agreement, it’s time to open a buy or sell order.
The indicator can be attached to any price chart and works well for trend traders.
For scalping and day trading purposes, it’s recommended to use the indicator during the London and U.S. trading sessions.
Just load the FX Market Signals indicator onto the chart and start trading with it in minutes.
Key Takeaways
- The trend is considered upwards when most of the arrows are colored green.
- The trend is considered downwards when most of the arrows are colored red.
- Works on any currency pair and time frame.
- Easy to trade with this indicator, all market analysis done for you.
Feel free to explore the FX Market Signals indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “fx-market-signals.ex4” Metatrader 4 indicator
Indicator 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 FX Market Signals MT4 Indicator
Buy Signal: Initiate a buy trade as soon as all arrows are colored green for any given time frame.
Set your stop loss below the most recent support level, or use your own favorite stop loss strategy.
Exit the buy trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite sell signal.
Alternately, apply your own take profit method to close the buy trade.
Sell Signal: Initiate a sell trade as soon as all arrows are colored red for any given time frame.
Set your stop loss above the most recent resistance level, or use your own favorite stop loss strategy.
Exit the sell trade for a reward/risk ratio of 1.5 or better, or wait until you get an opposite buy signal.
Alternately, apply your own take profit method to close the sell trade.
Download This Forex Indicator Now
Download the “fx-market-signals.ex4” MT4 indicator
Adjustable Parameters
MA fast period, MA slow period, TMA fast, TMA slow, RSI period, Stoch K period, Stock D period, Stoch slowing, colors, levels, visualization.
Characteristics of This Trading Indicator
Currency Pairs: Any (Major, Minor, Exotic)
Trading Time: Around the clock
Time Frames: M1 – D1
Indicator Type: Trend
Trading Platform: Metatrader 4
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
