The My Price Action Indicator MT4 is a signal indicator for MetaTrader 4 and is designed to indicate the candlesticks with an increase in price action. Signals are generated based on the ratio of the height of the wick, the candle body, and a shift between them both. The indicator provides various signals, primarily marking arrows above or below candlesticks. The color of these arrows further indicates specific price action patterns.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for indication of an increase in price action.
Indicator Settings
How to Install My Price Action Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
