The free SMC Forex Market Insights indicator for Metatrader 4 offers real-time trading signals mainly based on momentum, volatility, volume, and an exponential moving average.
Moreover, the indicator paints valuable order blocks on the chart that can help determine significant support and resistance levels.
Support and resistance levels can assist traders in identifying stop loss levels and calculating take profit levels.
The best trading signals occur when the trend is marked in green/red color and shows very strong.
Avoid weak trading signals. This happens when the power indicator reaches or falls below 20%.
Key Points:
- The indicator delivers real-time trading signals.
- It paints order blocks on the chart.
- Beginner-friendly.
- It does not repaint.
Test the indicator first on a demo account before running it on a live trading account.
Free Download
Download the “SMC Forex Indicator.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the SMC Forex Market Insights indicator in action.
Basic Trading Signals
Trading signals from the SMC Forex Market Insights indicator are easy to interpret and work as follows:
BUY:
- Initiate a buy trade when the trend is green and very strong.
- Place a stop loss below the most recent swing low point.
- Close the buy trade for a fixed take profit target of your preference.
SELL:
- Initiate a sell trade when the trend is red and very strong.
- Place a stop loss above the most recent swing high point.
- Close the sell trade for a fixed take profit target of your preference.
Download This Forex Indicator
Download the “SMC Forex Indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Mode, style, total bars, colors, order block, show swing points, enable notification, BOS creation, CHoCH creation, and more.
Feel free to explore the indicator’s parameters and settings to create your 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: market insights
How can the SMC Forex Market Insights indicator be installed in Metatrader 4?
- Copy and paste the SMC Forex Indicator.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)
- Restart the trading platform
- Add the indicator to the chart
How to remove the indicator from the chart?
- Right-click on the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button