The Levelator Forex Signals indicator for Metatrader 4 displays bullish and bearish trade areas on the chart that work for all time frames and symbols.
The indicator pops up in the main MT4 chart window in the form of an array of trade areas 1 to 4.
Buy & Sell Trade Example
- An orange colored trade area indicates a bullish trend. Look to open a buy trade.
- A blue colored trade area indicates a bearish trend. Look to open a sell trade.
The Levelator Forex Signals indicator can be used for both trade entry and exit or as an additional bull/bear trend confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Levelator.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Levelator Forex Signals 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 Levelator Forex Signals 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.
