The Bubble and Drops indicator for Metatrader 4 forecasts future currency trends and it can be used for trade entries and exits.
The indicator appears as a red and orange colored signal line in the main MT4 chart.
The orange signal line is the actual forecasting part and predicts the trend.
Key Points:
- The future trend will be going up when the orange signal line is sloping up.
- The future trend will be going down when the orange signal line is sloping down.
Free Download:
Download the “bubble-and-drops.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Bubble and Drops mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Bubble and Drops technical indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Repaint? No.
Download Now:
Download the “bubble-and-drops.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the bubble-and-drops.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
