Snake Border Cloud Signal Metatrader 4 Forex Indicator

The Snake Border Cloud Signal Metatrader 4 indicator consists of two colored trading zones.

A olive colored trading zone and blue colored trading zone, “the snake cloud”.

Trading the indicator is simple to understand:

A buy signal occurs when the blue colored trading zone crosses back above the olive colored trading zone from below. Price is trading above the olive colored trading zone.

Conversely, A sell signal occurs when the blue colored trading zone crosses back below the olive colored trading zone from above. Price is trading below the olive colored trading zone.

For scalping and day trading purposes, use the indicator on low spread forex pairs (EUR/USD, GBP/USD, USD/JPY,…) during the London and New York trading sessions.

Free Download

Download the borders-indicator.mq4” MT4 indicator

Example Chart

The EUR/USD 5-Minute chart below displays the Snake Border Cloud Signal Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Snake Border Cloud Signal MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Initiate a long trade when the blue colored trading zone crosses back above the olive colored trading zone from below and price is trading above the olive colored trading zone.

Sell Signal: Initiate a short trade when the blue colored trading zone crosses back below the olive colored trading zone from above and price is trading below the olive colored trading zone.

Trade Exit: Use your own method of trade exit.

Download

Download the borders-indicator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (max period, min period, show signals) Colors, width & Style.

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

Type: trend

Installation

Copy and paste the borders-indicator.mq4 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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