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Price Action Signals Forex Indicator (MT5)

    The Price Action Signals Forex indicator for MT5 provides excellent buy/sell trading signals for beginners and seasoned traders alike.

    The indicator appears as a green and magenta colored signal line on the main Metatrader 5 chart.

    The signals are beginner friendly and really easy to follow.

    Buy & sell signal:

    • A new buy signal is given when the indicator starts drawing the green signal line (bullish).
    • A new sell signal is given when the indicator starts drawing the magenta signal line (bearish).
    • Close and reverse the position when an opposite colored signal line starts printing on the chart.

    Price Action Signals (mt5) can work together with an existing trading strategy or system as an additional trend signals indicator.

    Free Download:

    Download the “filtered-price-indicator.mq5” indicator

    Indicator Example Chart (EUR/USD H1)

    After you downloaded and installed the Price Action Signals indicator on the trading platform, it should look like the image as shown below.

    Trading Tips:

    Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with this price action signals indicator.

    As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

    Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

    Indicator Specifications & Inputs:

    Trading Platform: Developed for Metatrader 5 (MT5)

    Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

    Time frames: Works for any time frame

    Trade Style: Works for scalping, day trading and swing trading

    Input Parameters: Variable (inputs tab), color settings & style

    Indicator type: Signals

    Does the indicator repaint? No.

    Download Now:

    Download the “filtered-price-indicator.mq5” indicator

    How to install this indicator on Metatrader 5?

    Open the Metatrader 5 platform

    From the top menu, click on “File”

    Then click on “Open Data Folder”

    Then double click with your mouse button on “MQL5”

    Now double click on “Indicators”

    Paste the indicator in the Indicators folder.

    Finally restart the MT5 platform and attach the indicator to any chart.

    How to remove the indicator?

    Right click with your mouse on the chart that you have the indicator attached to.

    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 on the chart that you have the indicator attached to.

    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.

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