The ALMA Super Signal Forex indicator for Metatrader 4 is an easy to use trend indicator that works very well.
It consists of a blue signal line that reveals the direction of the prevailing trend.
The basic concept:
- A buy trend occurs when price is trading above the blue ALMA Super Signal line.
- A sell trend occurs when price is trading below the blue ALMA Super Signal Line.
Feel free to experiment with the ALMA period.
Tip: For scalpers, most profit can be made during the London and American trading session.
Download the “alma-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H4)
How to trade with it (example)?
Open a buy trade position as soon as price crosses the blue Alma Super Signal line upwards.
Open a sell trade position as soon as price crosses the blue Alma Super Signal line downwards.
Exit the trade for a fixed profit target, or use your own favorite take profit strategy.
Set a stop loss above or below the previous swing high or low price.
Feel free to use your own favorite trading method to open and close trades with the Alma Super Signal Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Alma period, Alma sigma, Alma sample, Alma price, color settings & style
Indicator type: trend
Repaint? Does not repaint the blue Alma indicator signal line.
Download the “alma-indicator.mq4” indicator for Metatrader 4
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 alma-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.