Forex Cool indicator MT4

Forex Cool indicator MT4:

About the Forex Cool indicator MT4

Cool Indicator MT4 is an indicator based on Williams’ Percent Range (%R) and Average True Range (ATR) technical indicators, can be used with any currency pair and any timeframe.Trade signals from Cool Indicator MT4 are drawn on the main chart in the form of arrows.When a blue arrow appears, then this is a signal to buy, when the red one appears then this is a signal to sell.You can set the alerts on/off.

Average True Range (ATR) period is set to 14

Williams’ Percent Range (%R) levels : -80 et -20

Test results:

Forex Cool indicator MT4

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)

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