The Marsi MTF Forex Market Trend indicator for Metatrader 4 can be used for trade entries and exits and works for any currency pair and time frame.
It pops up as a multi time frame indicator in a bottom window of the trading platform.
Marsi MTF oscillates between the 0 and 100 extreme boundaries.
Key Takeaways:
- The 0 value is considered extremely oversold.
- The 100 value is considered extremely overbought.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
For scalping, the Marsi indicator tends to produce the best results during the London and New York trading sessions.
Free Download:
Download the “Marsi mtf.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the Marsi MTF mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator (mq4 or ex4 format) to the trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Marsi MTF Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
Download Now:
Download the “Marsi mtf.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Marsi mtf.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.