Forex Prediction Indicator MT4

MT4 Free Download

Introduction to the Forex Prediction Indicator

The Forex Prediction is, as the name suggests, a forex indicator that forecasts market trends.

The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs.

This gauge analyses the trend for 7 different timeframes: M1, M5, M15, M30, 1H, 4H, 1D. The Forex Prediction works in real-time measuring the strength between buyers and sellers. When one side is dominating, it will display an adequate arrow on the main chart.

I would say this is a good indicator for determining the overall trend direction of chosen timeframe. Adding a good entry signal indicator would be a wise move.

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.

Take a look at: Forex Entry Point

Example charts

Check charts of the Forex Prediction Indicator in action.

Forex Prediction Indicator Example Chart 1

Forex Prediction Indicator Example Chart 2

Settings

These are available settings.

Forex Prediction Indicator Settings

How to set up the Forex Prediction indicator in MT4?

Installation Guide

Download the Forex Prediction.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Prediction.ex4 or Forex Prediction.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.

Forex Prediction Indicator In MT4 Trading Platform Navigator

Bottom Line

The Forex Prediction 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.