Forex ABC Trend Levels MT4 Indicator

Forex ABC Trend Levels MT4 Indicator:

About the Forex ABC Trend Levels MT4 Indicator

Description

ABC Trend Levels is an indicator that identifies market trends and important trend support and resistance levels.

Recommendations

You can use this indicator to determine the trend and, accordingly, to determine the direction of opening a position or closing an opposite position.

Parameters

===== _INDICATOR_SETTINGS_ ===== – indicator settings
Maximum History Bars – maximum number of history bars for calculating the indicator.
Average True Range Period – ATR indicator period (used to calculate the difference between moving averages).
Fast Moving Period – period of the fast moving average.
Slow Moving Period – period of the slow moving average.
Movings Difference – minimum difference between moving averages (for searching impulses) expressed in the number of ATR-values.
===== _GRAPHICS_SETTINGS_ ===== – graphics settings
Trend Lines Color – color of trend lines.
Trend Lines Width – width of trend lines.
Support-Level Lines Color – color of support-level lines.
Middle-Level Lines Color – color of middle-level lines.
Resistance-Level Lines Color – color of resistance-level lines.
Level Lines Width – width of level lines.

Test results:

Forex ABC Trend Levels MT4 Indicator

Copy and paste the file 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)

Other forex trading Expert Advisors

Leave a Comment