The Accelerator MT4 forex indicator was designed by Bill Williams’ and warns you of early trend changes for any currency pair.
The indicator is also known as the Accelerator/Deceleration forex indicator.
It basically looks for changes in momentum, either accelerating or decelerating.
As you can see from the EUR/USD H1 chart shown below, the indicator draws green and red bars above and below the 0.00 level.
Green and red bars above the 0.00 level suggest bullish momentum in price (price goes up).
On the contrary, green and red bars below the 0.00 level suggest bearish momentum in price (price goes down).
Basic Trading Signals
Look for long signals above the 0.00 level.
Look for short signals below the 0.00 level.
We advice you to use the Accelerator forex indicator in conjunction with other technical indicators or tools to find reliable trade opportunities.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart indicator
Customization options: Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Accelerator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)