The AKF Forex Trend oscillator for Metatrader 4 predicts the trend for any currency pair and time frame.
It consists of a signal line that appears in a sub-trading window underneath the activity chart.
The AKF indicator signal line moves back and forth between the -1 and 1 extreme values.
Generally speaking, a value above the 0.00 indicates a rising trend while a value below 0.00 a declining trend.
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Open a buy trade whenever the AKF red signal line crosses the 0.00 level upwards.
Open a sell trade whenever the AKF red signal line crosses the 0.00 level downwards.
Utilize your own take profit method or go for a fixed profit target.
Feel free to use your own favorite trading method to open and close trades with the AKF Forex oscillator indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: History, write to file, color settings & style
Indicator type: Technical oscillator
Repaint? Does not repaint the red signal line.
Works for any trade style: scalping, day trading and swing trading.
It’s recommended to combine the AKF indicator with other technical tools.
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 akf-indicator.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.