Vinin HighLow Indicator MT4

The Vinin HighLow Indicator MT4 (MetaTrader 4) is an incredibly robust forex trend indicator that possesses exceptional power. Its purpose is to provide signals indicating the initiation and end of forex market trends. It presents these signals in a user-friendly Simple Moving Average format, making them easily comprehensible to anyone seeking to enter the correct trend at the opportune moment. This forex MT4 indicator is available for free download.

Vinin HighLow Indicator MT4: Introduction

MT4 Indicator Overview

The download link of the Vinin HighLow MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

Vinin HighLow Indicator Example Chart

The Vinin HighLow Indicator is displayed in the form of a single moving average style. When the indicator turns green and the price remains above its level, it indicates a bullish trend and suggests a potential buying opportunity. Conversely, for a selling opportunity, the indicator should turn red, accompanied by the price closing below the slope.

When this forex indicator turns yellow, it signifies a neutral trend. During such instances, traders are advised to exercise patience and await additional confirmation of the upcoming trend before entering the market.

Vinin HighLow Indicator: Buy Signal

Follow these steps for a long entry:

  • Price closes above the Vinin HighLow Indicator
  • The indicator changes to green
  • A bullish bar forms directly above the indicator slope
  • Buy triggers when all the aforementioned conditions are met, and the high of the corresponding bullish bar is surpassed
  • Set the stop loss below the current swing low
  • Exit the long position or take profit once the indicator transitions to yellow or red

Vinin HighLow Indicator Buy Signal Explanation

Vinin HighLow Indicator: Sell Signal

Follow these steps for a short entry:

  • Price closes below the Vinin HighLow Indicator
  • The indicator changes to red
  • A bearish bar forms directly below the indicator slope
  • Sell triggers when all the aforementioned conditions are met, and the low of the corresponding bearish bar is broken
  • Set the stop loss above the current swing high
  • Exit the long position or take profit once the indicator transitions to yellow or green

Vinin HighLow Indicator Sell Signal Explanation

MT4 Indicators: Download and Installation Instructions

Download the Vinin HighLow Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the vinin-highlow.ex4 or vinin-highlow.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.

Indicator Summary

The MT4 Vinin HighLow indicator for MetaTrader is designed to promptly respond to changes in price action, ensuring minimal signal lag. This attribute makes it highly effective in identifying market trends. The indicator can be utilized with any forex currency pair and is compatible with various timeframe charts, enhancing its versatility.

One of the key advantages of this indicator is its simplicity, which makes it particularly beneficial for novice forex traders who follow trends. Its user-friendly nature enables newcomers to easily understand and apply the indicator, giving them an edge in their trading endeavors. The forex indicator is available for free download and can be effortlessly installed.

Free Download Forex Vinin HighLow MT4 Indicator

To download the Vinin HighLow Indicator for Metatrader 4 (MT4) for free just click the button below:

Vinin HighLow Indicator Free Download

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