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Wave Minor Forex Indicator For MT4

    The Wave Minor Forex indicator for Metatrader 4 is a solid technical oscillator that provides easy to use buy & sell signals.

    The indicator works very well under most market conditions, even in trendless markets.

    The Wave Minor indicator appears in a bottom chart of the trading platform as a blue/red colored oscillator that fluctuates above and below the zero level.

    Histogram bars above the zero level are bullish while bars below the zero level bearish.

    General Information

    • Buy/sell technical oscillator
    • Works well in most market conditions
    • Works for any trading instrument
    • Does not repaint
    • Developed for Metatrader 4

    Free Download

    Download the kg-wave-minor-indicator.ex4 indicator file (MT4)

    Indicator Chart Example

    The picture below shows the Wave Minor indicator attached to the EUR/USD 1-hour chart.

    How to use this Forex indicator?

    This Forex indicator can be used in multiple ways, find an example below:

    Buy Signal:

    • A buy signal is given when the histogram bar turns back above the zero level.
    • Place stop loss below short-term support.

    Sell Signal:

    • A sell signal is given when the histogram bar turns back below the zero level.
    • Place stop loss above short-term resistance.

    How to install the Wave Minor Forex indicator to the Metatrader 4 platform?

    • Download the kg-wave-minor-indicator.ex4 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