The ARSI Sigma indicator for Metatrader 4 offers a complete Forex trading solution that works for any trader.
ARSI Sigma appears as a set of colored signal lines on the chart.
In essence, the trend is considered bullish when price is trading above the blue signal line while bearish below.
Key Points:
- The trend is extremely bullish when price is trading above all colored ARSI Sigma signal lines.
- The trend is extremely bearish when price is trading below all colored ARSI Sigma signal lines.
Free Download
Download the “arsi-sigma-indicator.mq4” indicator for MT4
Indicator Example Chart (GBP/USD H4)
How to trade with it (example)?
Open a buy trade as soon as price closes above the blue colored ARSI Sigma signal line.
Open a sell trade as soon as price closes below the blue colored ARSI Sigma signal line.
Exit the trade whenever an opposite trading signal occurs on the chart, or consider to exit near prior support/resistance.
Feel free to use your own favorite trading method or system to open and close trades with the ARSI Sigma 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: Period 1 – 10, sigma MA, sigma mode, color settings & style
Indicator type: trend
Repaint? Does not repaint the ARSI Sigma colored signal lines on the chart.
Download Now
Download the “arsi-sigma-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
ARSI Sigma can be used as a complete standalone Forex trading system.
You can also mix the indicator up with any price action strategy for better trade exit.
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 arsi-sigma-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.