MT4 Buy Sell Indicator is one of the highly searched trading indicators in the forex market. You can download this indicator for free on the AtoZMarkets indicator's gallery. This indicator is similar to the buy sell arrow scalper. Buy-Sell Indicator for MT4 works well in a strong trending market but in a tight ranging market.
Timeframe: any timeframe
Currency Pair: any
How To Trade Using The Buy Sell Arrow Indicator
MT4 Buy Sell indicator supposedly can be used alone.
- Buy when you see a blue arrow or sell when you see a red arrow.
- Now, this buy sells indicator is also supposedly meant for forex scalping which means trading in much smaller time frames like 1 minute and 5 minutes. However, it can also be used on larger time frames as well.
You can use the below combination as well!
- Combine MT4 Buy Sell indicator with one moving average indicator like 25 EMA or 50 EMA or even 100 EMA.
- The purpose of the exponential moving average will be to act as a filter, if the price is above the EMA, you can only take buy trades and completely ignore the red arrows (sell signal).
- Similarly, if the price is above the EMA and a sell signal is generated on the Buy Sell indicator for MT4, you can completely ignore it.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the post.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “MT4 Buy Sell Indicator” template to apply it on the chart.
Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.