Hey traders! Spent this arvo creating some EA's and indicators. Here's one I'd like to give to you for free!
The indicator is called ShortyGetShort version 1. It's for Metatrader 4.
The signal comes up as a red square. It's only good for shorting, though, so really keep this in mind if you do decide to use it. Bear in mind, not every single signal it produces will result in a good trade, so try combining it with other indicators like bollinger bands or RSI.
Personally, I like to combine it with the ichimoku cloud as a filter. It will (well, it should) also create an alert so you don't miss any signals. Try it on the major pairs and gold. 4H timeframe should be alright. Happy trading everyone! Enjoy!
Category MetaTrader 4 Indicators
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