The Cronex T Demarker GF Metatrader 4 is a great signals oscillator indicator for MT4.
The Cronex indicator flucutates above and below its zero level in a separate chart window below the main activity chart.
The indicator can be used in multiple ways to generate tradable buy and sell signals.
However, the most simple way is to pay attention to the orange thick Cronex oscillator line, I found this to work the best for buy/sell trading signals.
Orange line above the zero level: bullish, look to buy.
Orange line below the zero level, bearish, look to sell.
This signals indicator works for scalping, day trading and swing trading.
The EUR/USD H1 chart below displays the Cronex T Demarker GF forex indicator in action.
Basic Trading Signals
Signals from the Cronex T Demarker GF MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Open buy position when the orange thick line of the Cronex crosses the zero level from below (bullish).
Sell Signal: Open sell position when the orange thick line of the Cronex crosses the zero level from above (bearish).
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
Tip for scalpers: While the orange tick line is above the zero level, open scalp trade when the grey histogram turns back above the zero level from below (short-term bullish).
Conversely, while the orange tick line is below the zero level, open scalp trade when the grey histogram turns back below the zero level from above (short-term bearish).
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (DeMarker, DeMStep, Curvature) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Signals | Oscillator
Copy and paste the cronex-t-demarker-gf.mq4 indicator 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)