Ok Forex Power Indicator is the ultimate indicator for any trading style
One of the great advantages of trading with the MetaTrader 4 is the possibility to install an infinite range of personalisable indicators, with which to improve your own trading strategies and so the profitability of your account.
After years of studies and real trading in the currency markets, Ok Forex Markets has created an indicator for MT4 able to help the novice and expert traders to generate profits on the currency market. The name of this indicator for MT4 is Ok Forex Power Indicator and you can download and install it for free.
How does Ok Forex Power Indicator work
Ok Forex Power Indicator works with all the main exchanges (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY).
Ok Forex Power Indicator draws on the graph 3 fundamental levels of support (the 3 green lines below) and resistance (the 3 red lines above), day by day. The indicator operates with maximum timeframe H1 and H4 since there are daily levels. Loading on a timeframe of D1 and over, the indicator will cause an error and will automatically be set on the H1 graph.
Example of a EUR/USD H1 graph
For a correct use, it is necessary to consider the daily levels for intraday operations and the levels of the previous days for multiday operations.
In the first case, the levels can be considered as potential purchase prices (green support levels) and sale (red resistance levels), to assess with timeframes from M1 to M30. These levels are recommendable also for martingala operations or accumulation/construction of the position or for your own trading portfolio. Below there is an example of how Ok Forex Power Indicator draws these levels of resistance and support.
In the second case, the levels can be considered to determine the strength or weakness of a pair. If the price has overcome the last level of resistance or support, the exchange shows a clear signal of strength (going upwards over the third red resistance level) or weakness (going downwards under the third green support level), of which it is possible to take advantage also in the following days.
If instead the price has increased or decreased without overcoming the last level of resistance or support, in the following days it is possible to identify a contrarian entry because Ok Forex Power Indicator suggests us the exchange has undergone an increase or decrease of which to take advantage to sell or purchase the currency exchange at better prices.
In the following image you can verify the case in which it is advisable to use Ok Forex Power Indicator for multiday operations.
Example of a weakness of AUD/USD
Example of contrarian entry on AUD/USD
How to install Ok Forex Power Indicator
To install it, it is sufficient to copy the file Forex Power Indicator.ex4 in the Indicators folder (in Metatrader 4 click on File —> Open Data Folder —> MQL4 —> Indicators).
And copy the file Forex.dll inside the Libraries folder (in Metatrader 4 click on File —> Open Data Folder —> MQL4 —> Libraries).
How to download Ok Forex Power Indicator
Ok Forex Power Indicator is free for all those who open an account on the broker partner of Ok Forex Markets on this link and do at least a trade with a real account.
Once the account is open and the trade is done, you can request Ok Forex Power Indicator filling in the form below.
All this will allow us to activate the indicator and link it to the account number with which you did the first trade on the broker Key To Markets. The indicator will remain active only on that account number and you will be able to use it for free forever.
Request Ok Forex Power Indicator
Open an account on the broker partner Key To Markets, do a trade and request Ok Forex Power Indicator.