Introduction to the Raghee Vague Indicator
The Raghee Vague Indicator is a custom forex trading tool that displays several moving averages (three 34 period EMAs and one 200 period SMA). Simply look for buy trades when the 3 EMAs are above the 200 SMA. Similarly, look for sell trades the 3 EMAs are below the 200 SMA.
The Raghee Vague Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. 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.
How to set up the Raghee Vague indicator in MetaTrader (MT4)?
Download the Raghee Vague.rar archive at the bottom of this post, unpack it, then copy and paste the Raghee Vague.ex4 or Raghee Vague.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.
The Raghee Vague 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. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Raghee Vague Indicator
To download the Raghee Vague Indicator for Metatrader 4 (MT4) for free just click the button below: