Kaufman Efficiency Ratio Metatrader 4 Forex Indicator

The Kaufman Efficiency Ratio forex MT4 indicator fluctuates between 0 and 1 indicator readings.

Kaufman is useful to detect overbought and oversold market conditions.

Use this indicator together with a trend-following technical analysis indicator to make a complete trading solution.

Free Download

Download the kaufman-efficiency-ratio.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the Kaufman Efficiency Ratio forex indicator in action.

Basic Trading Signals

Signals from the Kaufman forex indicator needs to be used together with a trend-following indicator such as the 200 EMA:

Trend up (price above the 200 EMA)? Buy when the Kaufman indicator reaches 0 reading (oversold – buy on dips).

Trend down (price below the 200 EMA)? Sell when the Kaufman indicator reaches 1 reading (overbought – sell on rallies).

Download

Download the kaufman-efficiency-ratio.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (ERperiod, histogram, shift) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

Installation

Copy and paste the kaufman-efficiency-ratio.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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