The Trend Movers Signal Alert forex indicator for Metatrader 4 is an awesome buy/sell signals indicator based on RSI, ATR, Stochastic, MACD and CCI.
Use it for any currency pair and any timeframe of your choice.
Based on the 5 aforementioned indicator readings, Trend Movers will tell you to buy or sell the currency pair.
Strong Buy: All 5 indicator readings are in positive territory and the Trend Movers advises to open buy order.
Strong Sell: All 5 indicator readings are in negative territory and the Trend Movers advises to open sell order.
Weak Trend: The indicator readings are mixed and Trend Movers advises to stay aside.
Feel free to experiment with the indicator’s input values for RSI, ATR, Stochastic, MACD and CCI.
Download the “km-trend_movers.mq4” MT4 indicator
The EUR/USD 5- Minute chart below displays the Trend Movers Signal Alert Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Trend Movers Signal Alert MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Initiate buy trade when the Trend Movers Signal Alert MT4 indicator displays “Strong Buy”. Place a stop-loss below the previous swing low price.
Sell Signal: Initiate sell trade when the Trend Movers Signal Alert MT4 indicator displays “Strong Sell”. Place a stop-loss below the previous swing high price.
Trade Exit : Use your own method of trade exit.
Download the “km-trend_movers.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Moving Average values, RSI values, ATR values, Stochastic values, MACD values) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the km-trend_movers.mq4 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)