Forex Signals Indicator

The Forex Signals Indicator for MT4 is one of the most straightforward trading tools designed for both beginners and experienced traders. It combines visual arrows with dynamic channel levels to provide:

✔ Buy and Sell Signals – Green arrows for BUY, Red arrows for SELL
✔ Stop Loss and Take Profit Levels – Channel lines indicate safe exit points
✔ Scalping-Friendly – Best for short-term intraday trading
✔ Universal Usage – Can be used on any instrument and timeframe

✅ How to Trade With Forex Signals Indicator

🔹 BUY Signal:
✔ Appears when the indicator posts a green arrow
✔ Place Stop Loss below the green channel line
✔ Take Profit at the red channel line

🔹 SELL Signal:
✔ Appears when the indicator posts a red arrow
✔ Place Stop Loss above the red channel line
✔ Take Profit at the green channel line

✅ Features

✔ Simple and Easy to Use – Perfect for beginners
✔ Visual Arrows – No confusion, just follow the signals
✔ Dynamic Channels – Auto-calculates SL and TP levels
✔ Best for Scalping – Designed for lower timeframes
✔ Free to Download & Easy to Install

✅ Pointwise Explanation with Icons

📌 Why Use This Indicator?
✅ 🎯 Accuracy: Helps traders identify potential trend reversals quickly
✅ ⚡ Speed: Ideal for scalping and short-term trades
✅ 📊 Simplicity: No complex settings, just follow the arrows
✅ 🔍 Transparency: Clear stop loss and take profit levels

Input Settings & Controls

📌 SignalGap (4)
✔ This defines the minimum gap between two consecutive signals.
✔ Helps avoid over-signaling by ensuring enough price movement before the next signal appears.
✔ Example: If SignalGap = 4, the next arrow will not appear until the price moves significantly.

📌 ShowBars (500)
✔ This sets the number of historical bars (candles) the indicator processes and displays.
✔ A higher value (e.g., 500) means the indicator calculates and shows more past signals and levels.
✔ Reducing it improves performance on slower systems.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

Risk Disclaimer

TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
We are not SEBI Registered Investment Advisors or Research Analysts.
All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
Users may utilize the software and tools for paper trading or strategy evaluation only.
If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
Any such use is at the user’s sole discretion and risk.
We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
Use of our software, tools, or services.
Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
All market data and content provided are subject to delays, inaccuracies, or errors.
Past performance (actual or hypothetical) is not indicative of future results.
Hypothetical or backtested performance may not reflect the impact of actual market conditions.
Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
Automated signals or scanners are tools for evaluation—not trading instructions.
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Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
Do not rely solely on any information presented on our site for actual trades.
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Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
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Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.