Milanese Market Info Indicator

Milanese Market Info Indicator

Milanese Market Info Indicator For MT4 provides forex trading info like high low, spread, swap, candle timer.

The Milanese market info indicator for MT4 provides essential market information about the current chart symbol. The indicator provides information regarding the spread of the currency pair. Additionally, the daily high, low, and a candle timer makes the information panel helpful for intraday forex traders. Moreover, the high and low levels assist the traders in focusing on technical strategies using high and low levels for entry calculations.

The swap for long and short positions of the chart currency pair helps traders using arbitrage traders. Another feature is the indicator display that shows the distance of the current price from the moving average of a predefined value. However, traders can custom input the value for moving average calculation using the indicator settings.

The indicator can be applied to all intraday chart time frames and helps the scalpers and intraday traders. While the indicator applied on a long-term chart like the daily, weekly, and monthly price charts help the swing traders and long-term forex traders.

The indicator works well for new and advanced forex traders. Additionally, the indicator is free to download and install.

Milanese Market Info Indicator For MT4 Trading Setup

The above GBPUSD H1 candlestick price chart shows the Milanese market info indicator for MT4 in action. The chart currency pair is in medium Turquoise, the comment is in white, while the spread and profit and loss are in gold color. While the price up is in lime, the price down is in red.

Forex traders using the indicator can use the moving average values to understand the bullish and bearish market trends. Moreover, the indicator can display the moving average of any higher time frame on the current chart. This helps traders to identify the price with the moving average of any custom value and a higher time frame of choice.

Another feature of the market info display is the high and low values. Forex traders can enter a BUY trade if the price breaches the current high, as it indicates a bullish market trend. Similarly, if the price breaks the low, traders can enter a SELL position, as it indicates a bearish price trend.

Conclusion
The Milanese market info indicator for MT4 provides the essential market information about the chart symbol compactly. The indicator panel display is non-intrusive while providing necessary information. The swap details and the distance from the moving average make this indicator different from the other market info indicators available in the market. Additionally, forex traders can download the indicator for free and install it easily.