Forex Cerb Bow MT4 Indicator:
About the Forex Cerb Bow MT4 Indicator
This indicator displays the strength of the trend of each timeframe in the form of lines, and now, to detect a trend, you do not need to constantly switch between charts.
The indicator lines are formed from the difference between two movings with different periods and calculation methods, which you can change at your discretion.
Recommended indicator parameters: Fast MA – 21, method – Simple averaging, slow MA – 34, method – Linear weighted averaging.
Such a presentation not only visually helps to make decisions, but can also independently generate signals based on the intersections of trends on different charts.
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)