Ultimate MetaTrader 4 Indicator Signals

Originally developed and used to trade stocks & commodities markets.

This MT4 Indicator aims at striking a balance between leading signals and lagging signals given by the common indicators.

• Leading - some indicators lead the market and give signals earlier than the optimum time
• Lagging - some indicators lag the market so far that half of the move is over before a signal is generated.

This is the balance that the MetaTrader 4 Indicator aims to strike, not to lead too much or lag too much - this way the MetaTrader 4 Indicator will always give a signal at the ultimate time, thus its name.

This indicator uses 3 different n-number of candlesticks and calculates the combined weighted sums of price action from these candlesticks and plots these values a scale ranging from 0 to 100. Values of above 70 are considered to be overbought levels while values of below 30 are considered to be oversold levels.

The time periods used to calculate the ultimate MetaTrader 4 Indicator are 7 periods (short term trend), 14 periods (intermediate term trend) and 28 periods (long term trend).

MetaTrader 4 Indicator & How to Generate Signals

This Forex MetaTrader 4 Indicator can be used in generating buy and sell signals using various methods.

Center line FX Crossover Forex Signal

Buy Signal - values above 50 center line level

Sell Signal - values below 50 center line level

Center line FX Crossover Forex Signal

Overbought/Oversold Levels on Technical Indicator

Overbought - levels above 70 - sell signal

Oversold - levels below 30 - buy signal

Forex Divergence FX Trading

The MT4 Indicator can also be used to trade divergence Forex trading signals, below is an example of a classic bearish divergence signal.

MT4 Technical Indicator