Holy Grail Indicator MT4
- Indicators
- Eda Kaya
- Version: 1.3
Holy Grail Indicator for MetaTrader 4
The Holy Grail Indicator for MetaTrader 4 is an advanced tool designed for technical traders seeking high-precision signals. It blends the functionalities of the Average Directional Index (ADX) and the Exponential Moving Average (EMA) to recognize trend reversals and generate actionable trading alerts.
Color-coded arrows indicate both entries and exits, with the latest signal clearly displayed on the right-hand edge of the chart window.
«Indicator Installation & User Guide»
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Holy Grail Indicator Specifications Table
Below is a breakdown of the main specifications of the Holy Grail Indicator:
Category | Trading Utilities – Signal Tools – Currency Indicators |
Platform | MetaTrader 4 |
Skill Level | Intermediate |
Indicator Type | Trend Continuation – Reversal |
Timeframe | Multi-timeframe Compatible |
Trading Style | Day Trading |
Trading Market | Forex – Crypto – Equities |
Indicator Overview
This tool supports traders in identifying the strength and turning points of market trends at decisive price levels. On the left side of the chart, a floating data panel displays key trading metrics like ASK, BID, Spread, Account Balance, Equity, and Margin—offering real-time insight for informed decisions.
Uptrend Conditions
The price movement of USD/CAD on the H1 timeframe illustrates a bullish scenario. When the system detects increasing upward pressure, it prints a green arrow beneath the candle, indicating a likely trend reversal and buy opportunity.
Downtrend Conditions
In the NZD/USD chart on the M1 timeframe, a red arrow appears above a candlestick, signaling heightened bearish momentum and suggesting a sell setup. These arrows serve as confirmations of prevailing trends or potential reversals.
Indicator Settings
The following outlines the modifiable parameters within the Holy Grail Indicator for MetaTrader 4:
- EMA Period: Adjusts the length of the Exponential Moving Average
- ADX Period: Controls sensitivity of trend strength detection
- On Screen Info: Toggles chart overlay of real-time trading stats
- Sound Alert ON: Enables audio notification for alerts
- Email Alert ON: Sends signal alerts via email
- Lookback: Defines the number of historical bars used for calculations
Conclusion
The Holy Grail Indicator for MetaTrader 4 combines the precision of ADX with the flexibility of EMA to spot emerging trends, time entries and exits, and assess trend intensity. With its real-time signal display and detailed market stats panel, it serves as an essential companion for traders aiming for smarter, faster decisions across all financial markets.