Didi Index is a free mt4 (MetaTrader 4) oscillator type indicator and provides trading signals that work for scalping and day trading.
The indicator appears as an oscillator in a separate MT4 chart window.
Trade idea:
- Open a buy order as soon as the blue Didi Index signal line crosses the red line bottom-up.
- Open a sell order as soon as the red Didi Index signal line crosses the blue line bottom-up.
The Didi Index indicator can be used for trade entry and exit or use it as an additional trade filter that works together with your own strategy.
Free Download:
Download the “didi-index.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Didi Index mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Didi Index 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: Oscillator
Does the indicator repaint? No.
Download Now:
Download the “didi-index.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 didi-index.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.