Thread: A Free Indicator for Metatrader Mt4

This indicator is based on a combination of standard indicators and it is very easy to use and read. It can detect buy/sell, up/down, entry/exit signals on any timeframe charts and for currency pairs.

Installation:

1. Download RainGull Indicator and save it into your MT4 fold\experts\indicators.
2. Drag "RainGull Spectrum" from MT4 Platform>Navigator>Custom Indicators panel onto any charts. There are no parameters to set.

Usage:

Green bar: Buy/Long
Red bar: Sell/Short
Blue bar: Going up/Ready to buy/Hold long position/Aggressive buy
Yellow bar: Going down/Ready to sell/Hold short position/Aggressive sell
Grey bar: Go take a nap...ZZZ...zzzz...Nothing to do


download file

Nice, thx for this indicator.
If you looking for more helpful indicators go to this blog there are lot of indicators, eas and other things
http://theforexmarket.blogspot.com/

New upload on:

http://theforexmarket.blogspot.com/

ON THE BLOG YOU CAN FIND:
- indicators & eas
- templates
- pdfs
- documents
- zips & rars
- jpgs & gifs & pngs

Detailed and updated instructions about the free indicator: Raingull Spectrum

And here is another great tool for Forex trading: just set the target profit, this Raingull AutoTP robot will grab it for you. Free trial.