Introduction to the Ang Zad Indicator
The Ang Zad indicator is a custom trend-following forex indicator that helps to define the dominant trend.
It consists of two elements: blue line and red line. The trading signals provided by that gauge are pretty simple and occur at crossover.
When the blue line of the Ang Zad indicator crosses above the red line, the trend is considered bullish. Similarly, when the blue line of the Ang Zad indicator crosses below the red line, the trend is considered bearish.
We rate signals provided by the Ang Zad indicator as pretty reliable and accurate, thus during favorable market conditions, one can potentially make large profits.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
The default 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 Ang Zad indicator in MT4?
Download the Ang Zad.rar archive at the bottom of this post, unpack it, then copy and paste the Ang Zad.ex4 or Ang Zad.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 Ang Zad 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 Ang Zad Indicator
To download the Ang Zad Indicator for Metatrader 4 (MT4) for free just click the button below: