The FanSimple8 forex indicator shows the correctness of the reversal of the moving averages fan on different timeframes. This tool includes four moving averages with the following values: 5, 21, 55, 23 and they are put on the chart. In the top right corner of your chart, you can find six icons in the form of blue arrows (up), red arrows (down) or gray rhombuses referring to the timeframes М1, М5, М15, Н1, Н4, D1. Fansimple8 is one of the best forex indicators with moving averages.
How does FanSimple8 works?
These are instructions on how to trade with FanSimple8 indicator. When the light and dark blue moving average lines of FanSimple8 are above the yellow line, you can expect a strong bullish really and look for long trading opportunities. Similarly, when the light and dark blue moving average lines of FanSimple8 are below the yellow line, you can expect a strong bearish really and look for short trading opportunities.
When the yellow color moving average line is above the dark and sky blue color line, you can expect a strong bearish rally. On the contrary, the yellow color curve trading below the dark and sky blue color line suggests strong bullish momentum. Use this tool in the most effective way so that you can make a decent profit from this market.
How to install FanSimple8.mq4 on your Metatrader 4 trading platform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the FanSimple8 indicator files into following folder of your Metatrader 4 platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on p_FanSimple8_for_me.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
FanSimple8 Indicator Free Download.
To download the FanSimple8 for Metatrader 4 (MT4) for free just click the button below: