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,..)
Download the “coron-forex.ex4” MT4 indicator
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.
Download the “coron-forex.ex4” Metatrader 4 indicator
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)