The Raghee Vague Forex Signal indicator delivers fantastic crossover buy and sell signals for the Metatrader 4 trading platform.
The indicator is based on a typical crossover Forex system but with a different approach.
It’s a versatile trading tool that works best in trending markets.
Buy & sell signal:
- Open a buy trade when all colored lines cross the thick yellow line bottom-up (strong up trend).
- Open a sell trade when all colored lines cross the thick yellow line top-down (strong down trend).
The Raghee Vague Forex Signal indicator can be used for both trade entry and exit, or as an additional trend confirmation filter.
Free Download:
Download the “Raghee_Vague.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the Raghee Vague Forex Signal mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the Raghee Vague Forex Signal 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: Signal
Does the indicator repaint? No.
Download Now:
Download the “Raghee_Vague.mq4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
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 Raghee_Vague.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.
