Forex Sunrise Indicator » Free Forex MT4 Indicators (mq4 & ex4)

Few words about Forex SunRise Indicator
Forex SunRise Indicator works on all major currency pairs: from M15 to H1 timeframes.
This tool has Buy Hall & Sell Hall and Indicator line, I made a note on the screenshot no1.
Buy/Sell Halls lines based on support & resistance calculation. As for indicator line – it’s based on moving average, but anyway, it has its own algorithm inside.

Trading rules
There are several options to enter the market. First of all, you can follow indicator line and enter as soon as line change its color from BLUE to RED => means SELL, from RED to BLUE => means BUY. You can also use another way: as soon as price gets to one of these halls and brake it – this is the signal to enter. For example price is between Buy Halls lines. As soon as it cross higher line – it’s a signal to BUY. Same is with Sell Hall.

# Enter 1: as soon as indicator line change its color
# Enter 2: as soon as price cross Buy/Sell Hall line

Installation and Setup
Forex SunRise Indicator requires MetaTrader 4 to function. Install it, if you don’t have it. For this, download it from a Forex broker web site and follow the installer instructions. Choose a well-known, reputable broker. After the installation, open a demo account.
1. Place the file forex_sunrise.ex4 into C:/Program Files/your broker/experts/indicators
2. Restart MetaTrader4. Close it and launch again.
3. Insert Trigger line indicator: Insert/Indicators/Custom/forex_sunrise
4. Check all the settings.

Have a great trading with SunRise indicator!

How to set up the Forex Sunrise indicator in MT4?

Installation Guide

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