Second Chart
Back to products
Total Power
MT4
Watch video
Click to enlarge

Up Down

The Up Down Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that provides traders with an easy-to-read visual representation of the direction of the market. The indicator utilizes a simple but effective algorithm to determine whether the market is trending up or down. It displays a green arrow for an uptrend and a red arrow for a downtrend. It is simple to use and can help traders identify the direction of the market quickly and accurately.

Trading Style

Indicator Type

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 65

Download now
Description

The Up Down Indicator is a highly sought-after and popular tool for traders on the MetaTrader 4 (MT4) platform. This indicator is designed to provide clear visual cues to traders, helping them identify potential buy and sell opportunities in the forex market.

Features of the Up Down Indicator

The core strength of the Indicator lies in its ability to analyze the price action of a currency pair and display clear buy and sell signals. When the market is in an uptrend, the indicator will display green dotted lines, signaling a bullish scenario. Conversely, when the market shifts to a downtrend, the indicator will switch to red dotted lines, indicating a bearish setup.

This color-coded system allows traders to quickly assess the market’s direction and make more informed trading decisions. The Up Down Indicator is also designed to be easy to use, with a straightforward integration into the MT4 platform.

How the Up Down Indicator Can Benefit You

By incorporating the Indicator into your trading strategy, you can gain a significant edge in the forex market. This powerful tool empowers you to identify potential buy and sell opportunities with greater accuracy, enabling you to enter and exit the market at optimal times.

Whether you’re a seasoned trader or a newcomer to the forex market, the Up Down Indicator can be a valuable asset. Its user-friendly interface and clear visual cues make it accessible to traders of all skill levels, allowing you to easily incorporate it into your existing trading workflow.

Indicator Settings

HL_Period: This value determines the sensitivity of the indicator. A lower number will result in more frequent buy or sell signals, while a higher number will make the indicator less sensitive.

NumBars: This setting allows you to adjust the number of historical price bars that are displayed on the chart. Increasing this value will show more bars, while decreasing it will display fewer bars.

Conclusion

The Up Down Indicator is a versatile and reliable tool that can help forex traders navigate the dynamic market with increased confidence and precision. By providing clear signals for potential buy and sell opportunities, this indicator empowers you to make more informed trading decisions and potentially enhance your overall trading performance. Download the Up Down Indicator for MT4 today and unlock your full trading potential.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Up Down”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Support Resistance Breakout Arrows

,
Unlock profitable trading opportunities with the Support Resistance Breakout Arrows indicator for MT4. It generates precise buy and sell signals using Fractal, CCI, and RSI. The indicator also automatically marks significant support and resistance levels, helping in trend analysis. Benefit from clear entry signals, customizable settings, and compatibility across various time frames for daily and long-term traders.
MT4
Quick view
Add to wishlist

MA Crossover Alerts

The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
HotMT4
Quick view
Add to wishlist

Super Arrow

The Super Arrow Indicator is a forex tool for MT4 that generates high-probability trading signals by using multiple indicators such as Moving Averages, Relative Strength Index, Bollinger Bands, and Magic Filter. It filters out false signals and provides good trade signals by combining these indicators.
MT4
Quick view
Add to wishlist

ATR Trailing Stop

The ATR Trailing Stop indicator is a non-repainting system developed to help forex traders to maximize more profit in the market. Risk management indicator!
MT4
Quick view
Add to wishlist

Darvas Boxes nmc

,
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
MT4
Quick view
Add to wishlist

Half Trend Buy Sell

Half Trend Buy Sell MT4 Indicator - Precise trend signals with non-repainting arrows for forex trading. Optimal entries and exits. Amplitude, arrow, and alert settings are available.
MT4
Quick view
Add to wishlist

Pin Bar

Detect price reversals using the Pin Bar MT4 indicator. Automatically detects Pin bar candlestick pattern and plots arrow buy and sell forex trading signals based on the bullish and bearish pin bar. Download and install to improve your trading performance.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

,
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.