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Ahoora Trend Metatrader 4 Forex Indicator

    The Ahoora Trend MT4 forex indicator is a trend following buy/sell signal indicator which is based on moving averages.

    Ahoora is pretty easy to trade. It consists of a signal line which changes color from green to red and from red to green.

    A green colored Ahoora signal line indicates the trend is upward and it is a signal to buy the currency pair.

    Conversely, a red colored Ahoora signal line indicates the trend is downward and it is a signal to sell the currency pair.

    Ahoora can be useful as a standalone technical indicator to day traders and scalpers, however it’s recommended to use it together with other technical indicators and/or analysis tools.

    Free Download

    Download the ahoora-indicator.mq4” MT4 indicator

    Example Chart

    The USD/JPY 15-Minute chart below displays the Ahoora Trend Metatrader 4 Forex indicator in action.

    Basic Trading Signals

    Signals from the Ahoora Trend MT4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy trade position when the Ahoora Trend indicator changes its line color from red to green (bullish trend).

    Sell Signal: Open sell trade position when the Ahoora Trend indicator changes its line color from green to red (bearish trend).

    Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.

    Download

    Download the ahoora-indicator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (MA method) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend

    Installation

    Copy and paste the ahoora-indicator.mq4 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)