The Symphonie Extreme forex signals indicator detects and displays extreme price reversal levels on the MT4 chart.
It’s composed of red and blue bars that appear in a separate MT4 window.
- A blue bar represents an extreme level to look for buy trades.
- A red bar represents and extreme level to look for sell trades.
It’s important to use the Symhonie Extreme indicator together with other technical indicators in order to build a complete forex trading system.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The USD/JPY 5-Minute chart below displays the Symphonie Extreme Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Symphonie Extreme MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Look for buy trade opportunities when the Symphonie Extreme indicator displays a blue bar below the main chart.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Look for sell trade opportunities when the Symphonie Extreme indicator displays a red bar below the main chart.
Place a stop loss above resistance or use your own preferred SL method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (price action filter, length, major cycle strength, use cycle filter, filter strength RSI, alerts) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: reversal signal
Copy and paste the ! Symphonie Extreme Indicator v3 600__2.ex4 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)