The Accelerator MT4 forex indicator was designed by Bill Williams’ and warns you of early trend changes for any currency pair.
The indicator is also known as the Accelerator/Deceleration forex indicator.
It basically looks for changes in momentum, either accelerating or decelerating.
As you can see from the EUR/USD H1 chart shown below, the indicator draws green and red bars above and below the 0.00 level.
Green and red bars above the 0.00 level suggest bullish momentum in price (price goes up).
On the contrary, green and red bars below the 0.00 level suggest bearish momentum in price (price goes down).
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Download the “Accelerator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
Below is an example of the Accelerator indicator applied to a 1-hour EUR/USD chart.
Basic Trading Signals
Look for long signals above the 0.00 level.
Look for short signals below the 0.00 level.
We advise you to use the Accelerator forex indicator in conjunction with other technical indicators or tools to find reliable trade opportunities.
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Download the “Accelerator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart indicator
Customization options: Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: momentum
