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Forex-Spectro-Meter-Separate-Indicator
Forex-Spectro-Meter-Separate-Indicator

Forex-Spectro-Meter-Separate-Indicator

Watch the testing video here:

Forex Spectrometer Metatrader Separate Indicator

 

The Spectrometer MT4 forex indicator draws colored lines in a separate trading window.

The indicator lines oscillate between 0.04 and -0.04 values.

Currency traders can use this forex indicator in various ways but I like to use it like this:

  • When the red thick Spectrometer line crosses above the zero line from below, look for buy trade opportunities
  • When the red thick Spectrometer line crosses below the zero line from above, look for sell trade opportunities

Free Download

Download the spectrometer.mq4” MT4 indicator

 

Basic Trading Signals

Signals from the Spectrometer forex MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position when the red thick Spectrometer line crosses above the zero line from below.

Sell Signal: Open sell position when the red thick Spectrometer line crosses below the zero line from above.

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Download

Download the spectrometer.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (iPeriod, iStartFrom) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

Installation

Copy and paste the spectrometer.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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