Degree Angles Zero Indicator

MT4 Free Download

Introduction to the Degree Angles Zero Indicator

The Degree Angles Zero Indicator is a custom forex trading tool that could be a good supplement to your trading system and confirmation of trade entry points and exit points. Unfortunately, there is not much information provided by the author of that gauge, so the formula of trading with Degree Angles Zero Indicator is a bit unclear. We assume the more lines stay above the 0 level, the stronger bullish trend is taking place. Similarly, the more lines stay below the 0 level, the stronger bearish trend is taking place.

The Degree Angles Zero Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below 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 Degree Angles Zero indicator in MetaTrader (MT4)?

Installation Guide

Download the Degree Angles Zero.rar archive at the bottom of this post, unpack it, then copy and paste the Degree Angles Zero.ex4 or Degree Angles Zero.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.

Bottom Line

The Degree Angles Zero 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. Don’t forget that we still have more great free forex MT4 indicators to download and try.