Overlay Chart Indicator for MetaTrader4 (MT4) – free download
In this section you can download Overlay Chart indicator for MetaTrader4 (mt4):
Overlay Chart Indicator -> up to speed:
- The Overlay Chart Indicator is a simple MT4 indicator that compares the price action of two forex pairs.
- The indicator works on the principle of forex correlation. In forex, a currency correlation is a positive or negative link between two currency pairs.
- If two pairs are correlated, the Overlay Chart Indicator will apply them simultaneously.
- To determine the BUY and SELL signals, traders need to follow the price action. The overlaid pair has green and orange bars to illustrate bullish and bearish signals.
- As for the original pair, traders need to follow the price action and take their positions accordingly.