The Yefekt Signals Metatrader 4 forex indicator is a technical indicator that shows probabilistic reversal signals.
The indicator can reaffirm the extreme levels of +0.5 and -0.5 as possible overbought and oversold regions, respectively.
The Yefekt forex indicator has an upper limit of +1 and a corresponding lower limit of -1.
It has lime and red histograms that are boxed within a separate window, with the former depicting bullish market sentiments while the latter represents bearish market trends.
The indicator can tell us a lot about prevalent market trends as well as likely price reversals.
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Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the Yefekt Signals Metatrader 4 forex indicator in action.
Basic Trading Signals
- Buy Signal: Go long when the lime histograms of the Yefekt Metatrader 4 forex indicator break above the zero signal level.
- Sell Signal: Go short when the red histograms of the Yefekt Metatrader 4 forex indicator break below the zero center line.
- Exit buy trade: Close all buy orders while a bullish trend is ongoing, the Yefekt forex indicator pops up a red histogram that is placed below the zero signal line.
- Exit sell trade: Close all sell orders while a bearish trend is running, the Yefekt forex indicator displays a lime colored histogram that is aligned above the zero center line.
Tips: The Yefekt forex indicator is an incredible technical indicator that delivers quick alert triggers, thereby ensuring that traders don’t miss out on trading opportunities.
It’s good for scalping and intraday trading purposes.
MT4 YEFEKT + SuperTrend MTF Trend Strategy
This strategy uses the YEFEKT Signals MT4 Indicator together with the SuperTrend MTF Forex Signal Indicator.
The YEFEKT indicator shows momentum as a histogram: when its green bars are above zero, the bias is upward; when red bars are below zero, the bias is downward.
The SuperTrend MTF indicator overlays a trend line: a green line indicates a bullish trend, and a red line indicates a bearish trend.
By combining both, the strategy trades with momentum in the direction of the trend, reducing false signals and improving the edge.
This method is suitable for both day trading and swing trading.
It works on intraday timeframes (such as M15 or H1) to catch shorter moves, but also on higher timeframes (H4 or D1) to follow stronger trends and capture more extended runs.
It is appropriate for traders who prefer following momentum and trend, rather than counter-trend trading.
Buy Entry Rules
- The YEFEKT histogram must be green and above the zero line, signaling upward momentum.
- The SuperTrend MTF line must be green, confirming a bullish trend.
- Enter a long trade when the histogram crosses above zero (or after a green bar closes above zero) and the SuperTrend line is green.
- Set the stop loss just below the most recent swing low (on the same timeframe).
- Set take profit at 1.5 to 2 times the stop loss distance, or trail the stop using the SuperTrend line.
Sell Entry Rules
- The YEFEKT histogram must be red and below the zero line, signaling downward momentum.
- The SuperTrend MTF line must be red, confirming a bearish trend.
- Enter a short trade when the histogram closes below zero (or after a red bar forms below zero) while SuperTrend is red.
- Place the stop loss just above the most recent swing high.
- Set take profit at 1.5 to 2 times the stop loss, or trail the stop using the SuperTrend line.
Advantages
- Combines momentum and trend for stronger confirmation.
- Helps avoid late entries: the histogram gives early momentum clues, and SuperTrend confirms trend direction.
- Adaptable to different trading styles — scalping, day trading, or swing trading.
- Well-defined risk management with stop loss and take profit rules.
- Works on multiple currency pairs.
Drawbacks
- In choppy or range-bound markets, momentum and trend signals may whipsaw.
- If the SuperTrend line is very close to the price, stop losses may be triggered prematurely.
- The histogram may lag slightly in very fast moves, causing delayed entries.
- Requires monitoring of both indicators to confirm alignment, which may be slower for very short-term trades.
Example Case Study 1
On the AUD/USD H1 chart, the YEFEKT histogram had several red bars but then a green bar closed above zero, indicating a shift in momentum.
Simultaneously, the SuperTrend MTF line turned green.
A long position was taken at the close of that bar. A stop loss was placed just under a nearby swing low.
As the pair continued to rally, a trailing stop was used, following the SuperTrend line to lock in profits.
The trade captured a solid move as AUD/USD climbed in alignment with both momentum and trend.
Example Case Study 2
On GBP/CHF on the H4 timeframe, the YEFEKT histogram moved firmly below zero with consecutive red bars, signaling strong bearish momentum.
At the same time, the SuperTrend line turned red. A short trade was entered on the close of the confirming red bar.
The stop loss was placed just above the prior swing high. The take profit target was set at twice the stop loss distance.
The pair dropped significantly, and the take profit was hit, showing how well the combined indicators can capture a trending move.
Strategy Tips
- Trade only when both indicators align: momentum must confirm the trend.
- Avoid trading when the histogram is flickering around zero — that often signals indecision.
- Use a trailing stop based on the SuperTrend line to lock in profit but allow room to run.
- On higher timeframes, consider a larger trade size because moves tend to be bigger, but risk accordingly.
- Be cautious during major economic news: momentum may reverse quickly even if indicators remain aligned briefly.
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Download the “yefekt.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: colors & levels.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend | overbought/oversold
