Forex Trend Sniper H1 H4 MT4 Indicator:
About the Forex Trend Sniper H1 H4 MT4 Indicator
This indicator displays price trend lines on the M15/M30/H1/H4 charts.
Uses a special algorithm for the lines.
NB: Make sure to download M1 history before testing and use.
No need to set up the indicator.
Does not feature any alerts and is best used manually after visually confirming the line displays.
Great for scalping or long-term trading.
How to use:
- NB: Make sure to download M1 history before testing and use.
- Simply attach to M15, M30, H1 or H4.
- If used on M15 and M30, zoom the chart out completely.
- Hover over the lines to see the line’s label.
- M15/M30/H1: Buy when the red Sniper Line crosses below the yellow Price Line.
- M15/M30/H1 : Sell when the red Sniper Line crosses above the yellow Price Line.
- The green Higher Sniper Line can be applied on M15/M30/H1/H4, and assists with trend determination.
- H4: Buy when the green Higher Sniper Line crosses below the red Price Line.
- H4: Sell when the green Higher Sniper Line crosses above the red Price Line.
- Use as you see fit for your strategy.
- See images below for examples.
- Best results on Major pairs, but can also be used on other pairs.
Important to note:
- Please combine this indicator with your other tools for best results.
- Always test your strategy on a demo account before using a new indicator on a live account.
- You use this indicator at your own risk.
- Do not risk money you cannot afford to lose.
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)