The Forex Array Signal indicator is a profitable trend system indicator that works similar to a moving averages crossover system.
The Array indicator is composed of two simple signal lines that cross each other whenever the trend changes in the opposite direction.
Key Points:
- A buy signal occurs whenever the yellow line crosses the red line upwards.
- A sell signal occurs whenever the red line crosses the yellow line upwards.
For scalpers, the most profit can be made during the London and American trading session.
Free Download
Download the “array-test-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade position as soon as the yellow Array signal line crosses the red signal line upwards.
Open a sell trade position as soon as the yellow Array signal line crosses the red signal line downwards.
Exit the trade for a fixed profit target (for example, +25 pips on the M5 chart), or use your own favorite take profit strategy.
Set a stop loss above or below the previous swing high or low price.
Feel free to use your own favorite trading method to open and close trades with the Array Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Slow MA period, fast MA period, color settings & style
Indicator type: trend
Repaint? Does not repaint both signal lines.
Download Now
Download the “array-test-indicator.mq4” indicator for Metatrader 4
Installation:
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 array-test-indicator.mq4 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.