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.
Levelator + Super Half Trend Intraday Trading Strategy for MT4
The combination of the Levelator Forex Signals Indicator and the Super Half Trend Forex Indicator creates a clear and effective intraday trading strategy for MT4 users.
This system filters out noise and focuses on aligning short-term price action with the dominant intraday trend.
It works best on the M15 and M30 charts, making it suitable for traders who want multiple trade opportunities during the day while maintaining structure and discipline.
The Levelator indicator defines the overall trend direction by dividing the chart into two clear zones.
When price trades inside the orange box, it signals a bullish trend, while movement within the blue box represents a bearish environment.
The Super Half Trend indicator then provides precise entry points with its arrows — blue arrows indicate potential buy signals and red arrows suggest sell opportunities.
The combination ensures that traders only enter trades when both the trend and timing align.
Buy Entry Rules
- Price is trading within the orange Levelator trade box, confirming a bullish trend condition.
- A blue arrow appears on the Super Half Trend indicator, signaling a buy entry opportunity.
- Enter a buy trade at the open of the next candle after the blue arrow confirmation.
- Set a stop loss 20–25 pips below the nearest swing low or below the orange box boundary.
- Take profit at 40–50 pips or when a red arrow appears, indicating a possible reversal.
Sell Entry Rules
- Price is trading inside the blue Levelator trade box, showing a bearish market structure.
- A red arrow appears on the Super Half Trend indicator, confirming a sell signal.
- Enter a sell position at the open of the next candle after confirmation.
- Place a stop loss 20–25 pips above the most recent swing high or above the blue box area.
- Set take profit around 40–50 pips or when a blue arrow appears as a reversal warning.
Advantages
- Provides visual zones for trend confirmation.
- Simple entry and exit conditions, ideal for intraday traders.
- Minimizes false entries by aligning box zones with arrow signals.
- Works well on most volatile currency pairs like GBP/JPY, EUR/AUD, and USD/CHF.
- Quick trades with defined stop and profit levels help reduce risk exposure.
Drawbacks
- Box boundaries may shift in volatile markets, requiring active monitoring.
- Fewer trades in ranging or low-volatility sessions.
- Sudden market reversals can trigger false exits.
- Performance may vary between currency pairs depending on volatility.
Case Study 1 – GBP/JPY M30 Chart
On a Thursday morning, GBP/JPY traded consistently inside the orange Levelator box, confirming bullish momentum.
Around 192.45, a blue arrow from the Super Half Trend indicator appeared.
A buy trade was opened at 192.50 with a stop loss at 192.20 and a take profit set at 193.00.
The pair rallied strongly through the London session, hitting the target for a 50-pip gain before a red arrow signaled potential exhaustion.
Case Study 2 – EUR/AUD M15 Chart
EUR/AUD moved within the blue Levelator box, suggesting a bearish bias.
A red arrow appeared at 1.6265, confirming the setup.
A sell trade was executed at 1.6260 with a stop loss at 1.6285 and a take profit at 1.6210.
The trade reached the profit target in just under two hours as momentum continued to push lower before a blue arrow hinted at a retracement.
Strategy Tips
- Trade only when both indicators align clearly to avoid mixed signals.
- Stick to major and cross pairs with good daily volatility, such as GBP/JPY, EUR/AUD, and USD/CAD.
- Avoid entering trades during major economic announcements to reduce whipsaws.
- Use trailing stops after reaching 25 pips in profit to secure gains during strong trends.
- Review setups on higher time frames (H1) for extra confirmation before taking larger positions.
This intraday MT4 strategy offers a structured approach to trading the short-term market flow by combining the clarity of the Levelator’s trend zones with the precision of the Super Half Trend’s arrow entries.
It helps traders capture meaningful price movements with defined risk and clear exit levels.
