UDP Forex Indicator for MT4

The UDP Indicator for MT4 calculates if price candlesticks are mostly up or down. It provides signals in the form of two lines and trades are triggered at the crossover of these lines.

Example chart:

UDP Forex Indicator Example Trade

How to use the UDP Indicator for MetaTrader 4?

Once the indicator is activated, there are colorful lines below the main activity chart.

The green line above the red line indicates a bullish trend-momentum. Conversely, a bearish trend-momentum takes place when the red line is above the green line.

Take a look at the example GPBU/USD H1 chart.

In the beginning, bears were dominating the market and price was falling, and it was confirmed by the UDP indicator. Then, a bullish signal was placed and the price raised dramatically, which was confirmed.


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