Trend Wave indicator mq4

Trend Wave indicator mq4 is a momentum oscillator for metatrader 4 that that generates accurate long/short trade entries during trending market sessions.

The Trend Wave Oscillator indicator indicates when the market conditions are overbought/oversold the informations on the chart in subwindow that shows are the following: two lines (red and lime) running across the dotted marked levels of 50, 60, -50 and -60, to trigger buy/sell market entry points.

Buy

aqua dot pops up when the red line crosses the lime line bottom up when the lines are below the -60 oversold level.

Exit buy trade: Close all buy orders if while a bullish trend is running, the lime line of the Trend Wave Oscillator indicator breaks above the +60 signal level.

Initial stop loss below the previuos swing low.

Sell

Yellow dot pops up when the red line crosses the lime line top down when the lines are above the +60 oversold level.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the lime line of the Trend Wave Oscillator indicator breaches below the -60 signal level.

How install on metatrader4 Trend Wave indicator mq4

Installing Trend Wave indicator to Your MT4 Charts

What follows below are the easy steps to install theTrend Wave indicator mq4 to your MT4 platform. This should only take 5 minutes of your time.

Step 1.Trend Wave indicator mq4 and save it on your computer.

Step 2. Extract the Trend Wave indicator mq4 into a folder

Step 3. Go to the folder you have just extracted

Step 4. Copy Trend Wave indicator mq4to your Meta Trader indicators folder EX : The indicator is usually located at C:\Program Files\Meta Trader 4\expert\indicators .

The indicator is usually located at C:\Program Files\Meta Trader 4\

You are done with the installation process.

In the pictures also Trend Wave MTF + alerts

In the folder there is also Trend Wave MTF + alerts.