Forex
Off Trend is a trend indicator that draws two lines on the main blue
and red chart.
When
the red line crosses the blue line upwards there is a purchase
condition, when the red line crosses the red line down there is a
sales condition. The Forex Off Trend indicator is suitable for all
time periods and can be used on all financial instruments, it can be
used as a filter for other indicators.
Recommended
time frame is 15 minutes or higher.
The
indicator do not redraw.
Best
setting for Forex Off Trend
SSP
period 7
Kmin
1.6
Kmax
50.6.
Unzip
the Forex Off Trend.zip.
The
indicator file is: Forex OFF Trend (for 5 digits broker);
Step
1: Copy the indicator file EX4 into your /experts/indicators/ folder.
This
folder is a folder of the MetaTrader trading platform.
Examples:
If
you are using the Alpari MetaTrader broker, the folder will be at
C:\Program
Files\MetaTrader - Alpari\experts\indicators
If
you are using the FXDD broker, the folder will be at
C:\Program
Files\FXDD – MetaTrader 4\experts\indicators\
Step
2: Open the MetaTrader platform, and click on View -> Navigator.
You
can also click on CTRL+N.
Click
on 'Navigator'
Step
3: A window titled 'Navigator' should appear. Click on Custom
Indicators.
The
Navigator
Step
4: You should see the forex Off Trend in the Custom Indicators
folder. Double click on the Forex Off Trend and click OK to load it
onto your chart.
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