Forex MT4 Indicator: ABCD MT4/MT5 Forex Indicator Download. The ABCD MT indicator is an automatic plotter of a 4-point (ABCD) price structure, where the initial price segment is partially retraced, followed by an equidistant move from the completion of the pullback. It is the foundation of all harmonic patterns.
Platform: Metatrader4 & Metatrader5 Assets: Any currency pair Trading hours: All sessions Timeframes: All timeframes
Trading Rules for ABCD Indicator: To simplify trading, the ABCD indicator marks market reversals: it waits for the market to break in the right direction before issuing a signal. The end result is a very reliable trading signal.
Bullish ABCD structures are blue. Bearish ABCD structures are red. Breakout periods are plotable.
ABCD signals are few and have a high accuracy rate, making them suitable for medium to long-term swing trading. However, ABCD is by no means a flawless trading system. It has its drawbacks and requires additional filters. Be sure to test it on a demo account.
ABCD MT4/MT5 Forex Indicator Download Installation Instructions: MT4 installation directory: MQL4/indicators (place mq4 and ex4 indicators here) MT4 installation directory: Templates (place tpl template files here)
There is no 100% accurate trading system in the world, and every excellent trading system has periodic flaws. Having an additional reference signal is like having additional guidance. Wishing you success!
