The Impulse Forex indicator for Metatrader 4 is a classic trend oscillator that provides precise buy/sell trade entry and exit signals.
The indicator appears as colored histogram bars in a separate chart window.
The colored histogram bars provide the actual buy and sell signals.
Buy & sell signal:
- Open a buy trade when the first green colored histogram bar appears in the separated chart.
- Open a sell trade when the first red colored histogram bar appears in the separated chart.
- A blue colored bar indicates a sideways moving market. Don’t close the open trade.
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 strategies.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the impulse-indicator.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the U.S. Dollar / Japanese Yen chart.
How to install the Impulse Forex indicator to your Metatrader 4 platform?
- Download the impulse-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
