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.
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