The Line of Zero Forex indicator for MT4 (Metatrader 4) displays the line of zero price on the chart in the form of a green colored line.
All colors and parameters can be fully modified.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download:
Download the “line of zero.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
Here’s an example of the Line of Zero Forex indicator attached to the trading chart.
Trading Signals (example):
The Line of Zero Forex indicator does not generate any buy and sell signals.
Indicator Specifications & Inputs:
Trading Platform: Developed for the Metatrader 4 (MT4) trading platform
Currency pairs: Works for any pair
Time frames: Works for any time frame (M1 and above)
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Price display
Repaint? No.
Download Now:
Download the “line of zero.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The indicator can be used as a standalone technical Forex indicator.
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 line of zero.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.
