Few words about Forex SunRise Indicator
Forex SunRise Indicator works on all major currency pairs: from M15 to H1 timeframes.
This tool has Buy Hall & Sell Hall and Indicator line, I made a note on the screenshot no1.
Buy/Sell Halls lines based on support & resistance calculation. As for indicator line – it’s based on moving average, but anyway, it has its own algorithm inside.
There are several options to enter the market. First of all, you can follow indicator line and enter as soon as line change its color from BLUE to RED => means SELL, from RED to BLUE => means BUY. You can also use another way: as soon as price gets to one of these halls and brake it – this is the signal to enter. For example price is between Buy Halls lines. As soon as it cross higher line – it’s a signal to BUY. Same is with Sell Hall.
# Enter 1: as soon as indicator line change its color
# Enter 2: as soon as price cross Buy/Sell Hall line
Installation and Setup
Forex SunRise Indicator requires MetaTrader 4 to function. Install it, if you don’t have it. For this, download it from a Forex broker web site and follow the installer instructions. Choose a well-known, reputable broker. After the installation, open a demo account.
1. Place the file forex_sunrise.ex4 into C:/Program Files/your broker/experts/indicators
2. Restart MetaTrader4. Close it and launch again.
3. Insert Trigger line indicator: Insert/Indicators/Custom/forex_sunrise
4. Check all the settings.
Have a great trading with SunRise indicator!