Forex Degrees Indicator for MT4
Info
The Forex Degrees Indicator for MT4 is a Indicator for MetaTrader 4 that forex degrees is a metatrader 4 forex indicator that provides movement alerts. This indicator displays the degree values of the latest position of Price, Moving Average (MA), Williams %R (WPR), Relative Strength Index (RSI), and Stochastic Oscillator on the current timeframe.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Forex Degrees Indicator for MT4
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Forex Degrees is a MetaTrader 4 forex indicator that provides movement alerts.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: forex freeway 2 indicator - another powerful indicator for MetaTrader 4 traders.
Forex Degrees is a MetaTrader 4 forex indicator that provides movement alerts.This indicator displays the degree values of the latest position of Price, Moving Average (MA), Williams %R (WPR), Relative Strength Index (RSI), and Stochastic Oscillator on the current timeframe.
Also recommended: daily trend indicator for forex trading - similar indicator with strong performance on MetaTrader 4.
The position degrees are calculated based on the highest and lowest prices over the last 100 bars.When the position and trend status conditions change, the indicator will issue alerts.
You can select the specific position calculation degree you prefer within the indicator's properties.
In this indicator's system, the highest degree on the chart (main or sub-window) is considered 90 degrees, the lowest is 270 degrees, and the middle is 0 or 360 degrees.
Example Degree Calculations:
RSI 70 corresponds to 36 degrees.
RSI 30 corresponds to 324 degrees.
WPR -80 (or 80 in the indicator's range) corresponds to 54 degrees.
WPR -20 (or 20 in the indicator's range) corresponds to 306 degrees.
Stochastic 80 corresponds to 54 degrees.
Stochastic 20 corresponds to 306 degrees.
You can choose only one calculation degree source at a time:
- Price
- MA
- WPR
- RSI
- Stochastic
If an incorrect selection is made or multiple calculation degrees are chosen, the indicator will automatically revert to the default setting, which is Price degrees.
This indicator may be useful for fellow traders.
This tool was updated in 2026.
You may also like: forex market session indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 2
extern string forexdegrees = "copyright 2016 3rj ~ roberto philips-jacobs";.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.