Hanafy 5 MTF is a free mt4 (Metatrader 4) indicator that can be used for both trade entry and exit, or as an additional trend confirmation filter for other strategies and systems.
The indicator pops up in the main MT4 chart window as buy and sell signal arrows that deliver pretty good results for any time frame and pair.
Buy & Sell Trade Example
- A green arrow represents a buy signal.
- A red arrow represents a sell signal.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “hanafy5-mtf-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The picture below shows the Hanafy 5 MTF mt4 indicator in action on the activity chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Hanafy 5 MTF indicator.
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: Trend
Does the indicator repaint? No.
Download Now
Download the “hanafy5-mtf-indicator.mq4” indicator for Metatrader 4
