Trade Assistant Metatrader 4 Forex Indicator

The Trade Assistant Metatrader 4 forex indicator is a buy and sell multi-timeframe indicator that is based on a mix of Stochastic, RSI and CCI.

Trade Assistant displays buy and sell arrows based on the aforementioned technical indicators.

A strong buy signal occurs when all arrows are colored green, it means that the trend is positive for Stochastic, RSI and CCI.

A strong sell signal occurs when all arrows are colored red, it means that the trend is negative for Stochastic, RSI and CCI.

Tip: Smart forex traders confirm the buy/sell trend on the higher timeframe.

For instance, when trading off the 1-minute chart, check the trend on the 5-minute chart as well.

When the trend is both positive for the M5 and M1 timeframe (all indicators green), this indicates a strong buy signal on the M1 chart.

On the contrary, when the trend is both negative for the M5 and M1 timeframe (all indicators red), this indicates a strong sell signal on the M1 chart.

Free Download

Download the trade-assistant.mq4” MT4 indicator

Example Chart

The EUR/USD 1-Hour chart below displays the Trade Assistant Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Trade Assistant MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Initiate buy order when ALL indicators (Stochastic, RSI and CCI) display a green colored arrow. This represents a strong buy trend.

Sell Signal: Initiate sell order when ALL indicators (Stochastic, RSI and CCI) display a red colored arrow. This represents a strong sell trend.

Trade Exit : Use your own method of trade exit.

Download

Download the trade-assistant.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Stochastic settings, RSI settings, CCI) Colors, width & Style.

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

Type: signals

Installation

Copy and paste the trade-assistant.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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