Forex Impulse MT4 Indicator:
About the Forex Impulse MT4 Indicator
Impulse Indicator is based on the well-known Impulse System.
The Impulse System indicator recommends buying when the price rises and gains strength on the rise;
It recommends getting short when the price falls and gains strength on the decline.
But really, its most powerful use is as a blunder. And this applies in any type or market situation. You will see:
The important thing about the Impulse System is not that it recommends you to buy, but that, when it recommends you to buy, it is also prohibiting you from going short.
The same happens when it recommends you to open shorts; is forbidding you to buy at the worst possible time.
The Original impulse system is a frankly fast indicator, but this version does not repaint, so part of the movements can be lost. Since the signal is generated with the bar closed. That is why it is recommended to use at higher times. You do not need to detect obvious trends with the naked eye to give an entrance signal, quite the opposite.
It is a very fast indicator, which calculates candle by candle whether or not it is allowed to enter the market buying or selling.
This indicator is not used alone (like no other), but you combine it with the rest of your system.
What you do in practice is, when you locate a graphic that you like and that is in a situation that seems convenient for you to enter,
first of all, you wait for the Impulse System to withdraw its prohibition to enter
(if it is showing it ) and, if you want double security, you also wait for the indicator to recommend you enter in that direction.
One of the main benefits of this fantastic indicator is that, if you wait for its recommendations to enter, it prevents you from entering the market in lateral sections.
1. Faster Moving Average Period
2. MACD Fast EMA
3. MACD Slow EMA
4. Charged Bars
5. Bar Colors
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)