The DMI Alert indicator for mt4 (Metatrader 4) is a custom built trend trading indicator that works very well in trending markets.
The indicator appears in a separate MT4 chart window in the form of a simple to use Forex system.
Finding buy and sell trade opportunities with the DMI Alert indicator goes as follows:
- A buy signal occurs whenever the green DMI line crosses the red line upwards.
- A sell signal occurs whenever the red DMI line crosses the green line upwards.
The DMI Alert indicator can be used to find trade entries and exits, or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
Free Download:
Download the “dmi-alert-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the DMI Alert mt4 indicator in action on the trading chart.
Tips:
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: Trend
Does the indicator repaint? No.
Download Now:
Download the “dmi-alert-indicator.mq4” 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 dmi-alert-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.