The Xmaster formula MT4 Indicator is a well-known indicator that incorporates Moving Averages, RSI, and MACD to deliver signals. Signals that are drawn and displayed on the additional smaller chart as dotted line with yellow arrows indicate a change in price direction. Red dots indicate a Bearish trend while Lime dots indicate a Bullish trend.
An Indicator can be used to identify a trend and potential reversal or continuation of a trend. The indicator suits advanced forex technical traders using a trend-following trading strategy as well as novice traders. An indicator is most helpful for long-term trading strategy and may be used with any forex trading system or strategy to confirm price conditions.
Indicator Settings
How to Install Xmaster formula MT4 Indicator
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.
