The AGGM Forex oscillator for MT4 displays the strength of the trend with great precision in a bottom window.
It consists of a signal line that moves between the 0 and 1 extreme values.
It’s highly recommended to combine the AGGM technical indicator with an existing trading strategy or system for optimal trend entry and exit.
Free Download
Download the “aggm.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H4)
How to trade with it (example)?
Open a buy trade whenever the overall trend is upwards and the AGGM indicator turns back above the 0 value.
Open a sell trade whenever the overall trend is downwards and the AGGM indicator turns back below the 1 value.
Utilize your own take profit method.
Feel free to use your own favorite trading method to open and close trades with the AGGM Forex indicator .
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast m period, low m period, color settings & style
Indicator type: Trend strength
Repaint? Does not repaint the red signal line.
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Download the “aggm.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the aggm.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.