Shift from green to red color indicates a possible sell signal while a shift from red to green indicates a possible forex buy signal. Use in conjunction with a trending indicator to trade in the overall up or down direction of the trend, avoiding most false signals.
Download link: Click here to download the ForexForecaster.ex4 indicator
Forex Forecaster Indicator Chart Example (EURUSD H1)
Platform: Metatrader 4
Indicator type: Oscillator