Introduction to the AA+ Indicator
The AA+ Indicator is custom forex buy sell indicator.
It consists of two elements: orange/green bars and arrows. These signals mean a start of a bearish and bullish trend respectively.
The indicator is displayed in a separate window placed just below the main trading chart, but arows are plotted directly on the activity chart.
Trading signals are really simple: a green bar with an arrow pointing up represents a buy signal and an orange bar with an arrow pointing down represents a sell signal.
To increase the overall performance of the AA+ indicator you can add some filters to avoid fake signals.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the AA+ indicator in MT4?
Download the AA+.rar archive at the bottom of this post, unpack it, then copy and paste the AA+.ex4 or AA+.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The AA+ indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 AA+ Indicator
To download the AA+ Indicator for Metatrader 4 (MT4) for free just click the button below: