The Super Forex Signals MT4 indicator delivers accurate buy/sell signals with the help of two trend-following price action bands.
The indicator follows the prevailing trend and draws the dynamic bands accordingly.
As seen on the chart below, the upper red band acts as resistance while the lower green band acts as support.
Taking profits with this indicator is utterly simple, you don’t need to calculate anything.
It’s recommended to trade the M5, M15 and H1 time intervals.
Just load the Super Forex Signals indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Simple to follow buy and sell signals.
- Follows the prevailing currency trend.
- A green arrow signals a buy trade.
- A red arrow signals a sell trade.
- Trades will be closed at the opposite price action band.
Feel free to explore the Super Forex Signals indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart ( USD/JPY 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 Super Forex Signals MT4 Indicator
Buy Signal: Execute a buy trade order whenever a green buy arrow appears on the lower green price action band.
Set your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade when price touches the upper red price action band.
Sell Signal: Execute a sell trade order whenever a red sell arrow appears on the upper red price action band.
Set your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade when price touches the lower green price action band.
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Signal gap, show bars, 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: signals
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.