Forex Guide Indicator
Platform: MT4 Type: Trend Last update: September 28, 2024The Forex Guide Indicator for MT4 displays four rows of trend bricks. Green bricks represent bullish trend-momentum, and red bricks signal bearish trend-momentum. Open trade when at least two rows agree. The top row of that gauge is the least sensitive and each lower row is more sensitive than the previous one.
Anatomy of the Forex Guide Indicator
The Forex Guide indicator consists of four rows of “bricks” that correspond with price bars. The row at the top is the least sensitive (suitable for long-term signals) and the row at the bottom is the most sensitive (suitable for short-term signals).
Buy Signal
The best signal for a long trade occurs when the top row changes from red to green and simultaneously all rows are green too. You can keep it open till the opposite signal takes place and take profit or use your own preferred method of trade exit. Take a look at the example trades below.
And another one.
Buy Signal
The best signal for a short trade occurs when the top row changes from green to red and simultaneously all rows are red too. You can keep it open till the opposite signal takes place and take profit or use your own preferred method of trade exit. Take a look at the example trades below.
That short trade was good too.
