The Solar Wind Forex indicator for Metatrader 4 can be categorized as an oscillator that delivers short-term trend direction.
The indicator works out of the box for scalping and day trading purposes alike.
The indicator pops up in a separate MT4 chart window as a colored oscillator without extreme boundaries.
Buy & Sell Trade Example
- Open a buy order when the Solar Wind indicator turns back to green color (bullish trend bias).
- Open a sell order when the Solar Wind indicator turns back to red color (bearish trend bias).
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Solar wind.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Solar Wind mt4 indicator in action on the trading chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
