Profit Indicator for MT4

The Profit Indicator for MT4 provides trading signals based on crossover between two moving averages.

Additionally, it displays a 0-level horizontal line useful for understanding if market bias is bullish or bearish.

Example chart:

profit indicator example chart

How to use the Profit Indicator for MT4?

By default, the Profit Indicator uses 9-period SMA (slow one) and 45-period LWMA (fast one). These periods and MA types can be changed in the settings tab.

When the fast line moves above the zero level, it turns green to signal bullish momentum. When it moves below the zero level, it turns red to signal bearish momentum.

Buy signals appear when the green line crosses above the yellow line. Sell signals take place when the red line crosses below the yellow line.

This indicator is designed for trending markets conditions and gives the best results in such. In sideways or ranging conditions, false signals occur more often.


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