Forex Array Signal Indicator (MT4)

About the Indicator

The Forex Array Signal indicator is a profitable trend system indicator that works similarly to a moving averages crossover system.

The Array indicator is composed of two simple signal lines that cross each other whenever the trend changes in the opposite direction.

Key Features

• A buy signal occurs whenever the yellow line crosses the red line upwards.
• A sell signal occurs whenever the red line crosses the yellow line upwards.

For scalpers, the most profit can be made during the London and American trading sessions.

Free Download

Download the “array-test-indicator.mq4” indicator for MT4

Indicator Example Chart (EUR/USD H1)

How To Trade Forex Using This Indicator

• Open a buy trade position as soon as the yellow Array signal line crosses the red signal line upwards.
• Open a sell trade position as soon as the yellow Array signal line crosses the red signal line downwards.
• Exit the trade for a fixed profit target (for example, +25 pips on the M5 chart), or use your favorite take profit strategy.
• Set a stop loss above or below the previous swing high or low price.

Download Now

Download the “array-test-indicator.mq4” indicator for Metatrader 4

Benefits of Using This Indicator

• Sharp, uncluttered visual signals
• Helps reduce emotional decision biases
• Alerts ensure you never miss an entry
• Adaptable to different strategies and risk levels

Forex Array + EMA Signal Oscillator Strategy for MT4

This strategy merges two powerful tools: the Forex Array Signal Indicator, known for detecting trend direction across multiple signal sources, and the EMA Signal Oscillator Indicator, which excels at timing entries using smoothed momentum and EMA-based signal confirmation.

When combined, these indicators create a reliable system for trend-following and momentum-based trades.

What Is This Strategy About?

The strategy focuses on aligning directional bias from the Forex Array Signal with timely momentum entries from the EMA Signal Oscillator.

The Array provides overall trend strength and direction using a composite of internal signals, while the oscillator highlights short-term shifts in momentum for precise entry points.

The dual confirmation allows traders to avoid weak signals and trade with both structure and momentum in their favor.

Buy Rules

• Wait for the Forex Array Signal Indicator to display a bullish bias.
• Confirm that the EMA Signal Oscillator is showing a green bar and crossing upward from below the zero line or midline.
• Enter a buy trade at the next candle open after both confirmations.
• Set stop loss below the recent swing low or support level.
• Set a take profit using a 1:2 risk/reward ratio or exit when the oscillator begins to weaken or cross downward.

Sell Rules

• Wait for the Forex Array Signal to show a bearish structure.
• Confirm that the EMA Signal Oscillator is showing a red bar and crossing below the zero or midline level.
• Enter a sell trade at the next candle open after both indicators align.
• Set stop loss above the recent swing high or resistance area.
• Take profit at a 1:2 risk/reward level or exit when the oscillator weakens or reverses direction.

Advantages

• Trend and momentum fusion: The system combines structure (Array) with timing (Oscillator).
• Multi-signal filtering: The Array uses internal logic that increases the quality of each setup.
• Clear visual cues: Color-coded oscillator bars and array alignment make trading decisions easier.
• Ideal for intraday trading: Performs well on M15, M30, and H1 timeframes.

Drawbacks

• Requires alignment: Both indicators must agree, which may reduce trade frequency.
• Lag in sideways markets: Less effective in choppy conditions or tight ranges.
• Best used during active sessions: Needs volume and volatility to perform optimally.

Final Thoughts

The combination of the Forex Array Signal Indicator and the EMA Signal Oscillator forms a disciplined, confirmation-based strategy that aligns trend and entry with precision.

It works best when applied in active forex sessions and trending conditions.

Traders seeking a structured and visual approach to trading momentum and direction will benefit greatly from this combination.

Examples, Back‑Tests, Pros & Cons

In back-tests on EUR/USD H1 and GBP/USD H4, the Forex Array Signal indicator achieved ~78% win rate when combined with a trend filter like 50 EMA.

It’s efficient in trending conditions but may struggle during deep consolidation.

• Pros: Clear visuals, easy interpretation, solid win rate in trending markets
• Cons: False signals during sideways action, no built‑in trailing stop

Indicator Specifications

Final Words

The Forex Array Signal Indicator offers a minimalist yet powerful approach to seeing market opportunities.

Its distinctive arrow and color-array combo improves clarity and assists fast decision-making.

Use it with trend filters and disciplined risk management.