Our custom developed Forex Force Index MTF Indicator. The Forex Index is a quick and easy indicator that uses the price and volume information to help you make trading decisions. As we have discussed, a short-term smoothed Force Index helps single out opportune entry points. A medium-term smoothed Force Index tells us about the trend and changes in bullish and bearish forces at work in the market.
Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy.
The EUR/GBP 15 minute chart below displays the Forex Force Index MTF Indicator in action.
Copy and paste the Forex Force Index MTF Indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove Indicator from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader 4 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete