As the name suggests, the Hour Forex Trend indicator for MT4 provides buy & sell signals designed for the 1-hour trading charts.
The indicator pops up in a bottom chart as a red colored signal line that oscillates above and below the zero level.
The Hour Forex Trend indicator is easy to understand, quite profitable and suits both beginners and seasoned traders.
Buy & sell signal:
- Open a buy order when the red signal line crosses the zero level bottom-up.
- Open a sell order when the red signal line crosses the zero level top-down.
From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.
It can be used as a standalone technical tool or it can be combined with other technical indicators and trading systems.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the hour-trend-indicator.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the Euro / U.S. Dollar chart.
How to install the Hour Forex Trend indicator to your Metatrader 4 platform?
- Download the hour-trend-indicator.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
