The PAFX Secret Indicator MT4 is a signal indicator for MetaTrader 4 and is designed to indicate potential entry and exit trade signals. The indicator plots regular and hidden divergences on a smaller chart while showing divergences on the main price chart. It is based on well-known oscillators, including the RSI, CCI, MACD, Stochastic, Momentum, Awesome Oscillator, Accelerator Oscillator, and Williams Percent Range. It displays bullish divergences in blue and bearish divergences in red.
A bearish divergence occurs when the oscillator signals overbought conditions, followed by a lower high, while the price makes a higher high. As a result, this signals weakening momentum and a possible trend reversal. Conversely, a bullish divergence happens when the oscillator signals oversold conditions, followed by a higher low, while the price makes a lower low. Therefore, this suggests weakening downward momentum signaling a possible uptrend reversal and a long position opportunity. Forex traders can use these divergence signals to time entries and exits more effectively. Additionally, the indicator is highly customizable, with additional alert options making it an effective tool for identifying key trading points.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy to identify potential entry and exit points.
Indicator Settings
How to Install PAFX Secret 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.
