The Brooky Garnish Levels indicator for Metatrader 4 provides a set of trend lines that can be used to find interesting zones of trade entry.
The indicator appears in the main MT4 chart window as colored trend lines that reveals where the market trend is heading to.
The indicator can be used in various ways.
Key Takeaways:
- The trend is positive when all trend lines are sloping up.
- The trend is negative when all trend lines are sloping down.
- Displays the overall trend.
- Beginner friendly.
The Brooky Garnish Levels indicator can be also used to confirm trading signals issued by other trading systems or strategies, or as an additional trend filter.
Free Download:
Download the “brooky-garnish-levels-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
The example chart below displays the Brooky Garnish Levels indicator in action on the trading chart.
Trading Signals (example):
Buy signal: Go long whenever the Brooky Garnish Levels lines are sloping up. Use an additional indicator to find the perfect buy trade entry.
Sell signal: Go short whenever the Brooky Garnish Levels lines are sloping down. Use an additional indicator to find the perfect sell trade entry.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Utilize your own favorite stop loss and take profit method.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Repaint? No.
Download Now:
Download the “brooky-garnish-levels-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 brooky-garnish-levels-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.