The FanSimple8 shows the correctness of 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 reffering to the timeframes М1, М5, М15, Н1, Н4, D1.
How to install this indicator on your Metatrader trading plaftform?
- 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 MT4 Indicator free download:
To download this indicator or trading system just click the button below: