The Marsi MTF Forex Market Trend indicator for Metatrader 4 can be used for trade entries and exits and works for any currency pair and time frame.
It pops up as a multi-time frame indicator in the bottom window of the trading platform.
Marsi MTF oscillates between the 0 and 100 extreme boundaries.
Key Takeaways:
- The 0 value is considered extremely oversold.
- The 100 value is considered extremely overbought.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
For scalping, the Marsi indicator tends to produce the best results during the London and New York trading sessions.
Free Download
Download the “Marsi mtf.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Marsi MTF mt4 indicator in action on the trading chart.
After you have downloaded and installed the indicator (mq4 or ex4 format) to the trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Marsi MTF Forex 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: Signals
Does the indicator repaint? No.
