Forex Reaction MT4 Indicator

Forex Reaction MT4 Indicator:

About the Forex Reaction MT4 Indicator

The Reaction indicator forms arrows (by default, red and blue). The indicator is set in the usual way to any trading symbol with any time interval.
This is an indicator of trend and trading signals, based on the principle of a combined analysis of calculated reference points within the channel as well as overbought and oversold levels.
Input parameters
  • Period – indicator period;
  • LevelUp – overbought level;
  • LevelMid – balance level;
  • LevelDown – oversold level.
Indicator Benefits
  • High accuracy;
  • Work with any trade symbols;
  • It works at any time intervals;
  • Not redrawn.

Test results:

Forex Reaction 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)

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