The Big Trend PSAR Forex indicator for Metatrader 4 is a precise buy/sell trading tool that’s based on Parabolic SAR and a mix of the best trend indicators.
Together, they form a powerful trend trading indicator that can be used for any trade style.
In order to make it easy for you, whenever there’s a buy or sell trade opportunity, the indicator draws buy and sell arrows directly on the chart.
Buy & Sell Signal:
- A blue arrow is a buy signal.
- A red arrow is a sell signal.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
The Big Trend PSAR indicator can be also used to confirm trading signals issued by other trading systems or strategies, or as an additional trend filter.
Free Download:
Download the “nik psar.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
The picture below shows the Big Trend PSAR indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Big Trend PSAR Forex 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
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Repaint? No.
Download Now:
Download the “nik psar.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 nik psar.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.