SF-6 (AM) Indicator

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Introduction to the SF-6 (AM) Indicator

The SF-6 (AM) indicator is a forex trend indicator that displays “weak” bars. The trend direction is determined by thick bars color and the possible rollback when thin bars of the indicator occur.

It fits all kinds of timeframes and currency pairs.

The indicator is displayed in a separate window placed just below the main trading chart. It consists of two rows of green/red bars.

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 SF-6 (AM) indicator in MT4?

Installation Guide

Copy and paste the sf-6-am-indicator.ex4 or sf-6-am-indicator.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 SF-6 (AM) indicator is well worth adding to your trading collection but 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.