Mouteki Demark Trend Metatrader 4 Forex Indicator

The Mouteki Demark Trend Metatrader 4 indicator is an advanced version of the traditional Demark forex indicator.

This indicator draws major trend lines based on the the most important high and low prices found on the activity chart.

In the upper left part of the trading chart, the Mouteki Demark Trend MT4 indicator provides traders with possible breakout prices and accompanied targets for both up trend lines and down trend lines.

It is a great indicator to trade purely price action trend line signals without lag.

You can apply this indicator to any currency pair and timeframe.

Free Download

Download the mouteki-demark-trend-indicator.mq4” MT4 indicator

Example Chart

The USD/JPY M15 chart below displays the Mouteki Demark Trend forex indicator in action.

Basic Trading Signals

Signals from the Mouteki Demark Trend forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy order when price closes above the upper red colored resistance trend line.

Sell Signal: Open sell order when price closes below the lower blue colored support trend line.

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Download

Download the mouteki-demark-trend-indicator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (showBars, LevDP, qSteps, startBar, TrendLine, ChannelLine) Colors, width & Style.

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

Type: Breakout

Installation

Copy and paste the mouteki-demark-trend-indicator.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)

Share Now!