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.
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.
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)