The Coron forex MT4 indicator follows the overall trend of any currency pair for any time frame.
Coron paints its signals in a separate Metatrader 4 window.
Signals are quite easy to understand, even for absolute beginners:
- Green bars indicate the market is trending up. This is a buy signal.
- Red bars indicate the market is trending down. This is a sell signal.
Yellow bars indicate the market is range-bound. Wait for a new signal to arrive or stick with your open position.
The Coron forex indicator is useful for all kind of currency trading styles (scalping, day trading, swing trading,..)
The EUR/USD Daily chart below displays the Coron Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Coron MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade position when the Coron MT4 indicator draws the first green bar.
Sell Signal: Open a sell trade position when the Coron MT4 indicator draws the first red bar.
Trade Exit: Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern 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 coron-forex.ex4 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)