Forex

This indicator is based on a combination of standard indicators and it is very easy to use and read. It can detect buy/sell, up/down, entry/exit signals on any timeframe charts and for currency pairs.

Installation:

1. Download RainGull Indicator and save it into your MT4 fold\experts\indicators.
2. Drag "RainGull Spectrum" from MT4 Platform>Navigator>Custom Indicators panel onto any charts. There are no parameters to set.

Usage:

Green bar: Buy/Long
Red bar: Sell/Short
Blue bar: Going up/Ready to buy/Hold long position/Aggressive buy
Yellow bar: Going down/Ready to sell/Hold short position/Aggressive sell
Grey bar: Go take a nap...ZZZ...zzzz...Nothing to do