The Ross Hook Trading Pattern indicator for MT4 identifies the Ross Hook trading pattern automatically for you on any Forex chart.
It’s a famous trading pattern that not lag behind price action.
In essence, the Ross Hook price action pattern formes after the 123 trading pattern.
So, this indicator identifies both trading patterns and plots the Ross Hook pattern on the chart once it becomes valid.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
- Identifies the Ross Hook trading pattern.
- Pure price action indicator.
- Does not lag the price.
- Easy to use.
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a price action trading pattern confirmation technical tool.
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Ross Hook Trading Pattern Forex indicator in action.
Basic Trading Signals
Signals from the Ross Hook Trading Pattern indicator for Metatrader 4 are easy to interpret and goes as follows:
- A buy signal is given when the blue “Rh” bullish Ross Hook pattern gets displayed on the chart.
- Place your stop loss below support.
- Use your own preferred take profit method for buy trades.
- A sell signal is given when the red “Rh” bearish Ross Hook pattern gets displayed on the chart.
- Place your stop loss above previous resistance.
- Use your own preferred take profit strategy for sell trades.
Download This Forex Indicator
Adjustable Parameters & Settings
Colors, maximal bars, show Ross hooks, show band breaks, band period, adjust point, pop up alerts, email alerts, push alerts
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: price pattern
How to install the Ross Hook Trading Pattern indicator in Metatrader 4?
- Copy and paste the Ross Hook Trading Pattern.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button