Forex Market Statistics is a free mt4 (Metatrader 4) indicator that can be used for trade entries and exits, or it can act as an enhanced trend filter.
The indicator pops up in the main MT4 chart window in the form of an array of aqua colored lines.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Market statistics.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Forex Market Statistics mt4 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 Forex Market Statistics 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 “Market statistics.mq4” indicator for Metatrader 4
