The Amplitude Forex indicator for Metatrader 4 is a profitable trend indicator that works for any pair and time frame.
After loading the Amplitude indicator on the chart, the green & red colored signal lines will appear in a bottom chart.
Key Points:
- A buy signal occurs when the green amplitude signal line crosses the red line upwards.
- A sell signal occurs when the red amplitude signal line crosses the green line upwards.
Free Download
Download the “amplitude-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Open a buy trade as soon as the green amplitude signal line crosses the red amplitude signal line upwards. This is your buy entry.
Open a sell trade as soon as the red amplitude signal line crosses the green amplitude signal line upwards. This is your sell entry.
Exit the trade when an opposite trading signal appears on the chart, or close for a fixed profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the Amplitude 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: Average period, draw bars, color settings & style
Indicator type: trend
Repaint? Does not repaint the colored amplitude bars.
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Download the “amplitude-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 amplitude-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.