Holy Grail Indicator Downloads for MetaTrader 4 | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources

The Holy Grail indicator is one of the trading tools available on the MetaTrader 4 platform.

This MT4 Signals and Forecast indicator combines two technical indicators, ADX and Exponential Moving Average (EMA) , to not only show entry points but also indicate exit points with opposite colored arrows.

Additionally, the tool highlights the latest issued signals on the right side of the chart.

Holy Grail Spec Sheet

The table below lists the general characteristics of the "Holy Grail" indicator.

Indicator Overview

The Holy Grail indicator can be used to identify trend changes and their strength at key price levels.

Additionally, it displays a box on the left side of the chart that provides comprehensive price chart data including: ASK, BID, Spread , Account information such as balance, equity and margin .

Uptrend Conditions

The chart below illustrates USD/CAD price action in a one-hour timeframe .

The Holy Grail indicator for MetaTrader 4 generates a bullish (buy) signal by displaying a green arrow below the candlestick, indicating weakness of sellers .

downtrend conditions

The image below shows the price chart of the NZD/USD currency pair in a 1-minute timeframe .

Above the A red arrow candlestick, there is also a sell signal on the right side of the image, which represents the latest Sell entry signal , indicating selling pressure and strength of the bearish trend .

Indicator Settings

The image below shows setting up the Holy Grail indicator on the MetaTrader 4 platform.

• EMA Period: exponential moving average period
• ADX Period: Indicator period
• On Screen Info: Display information on the screen
• Sound Alert ON: Enable sound alert
• Email Alert ON: Enable email notifications
• Lookback: number of past candlesticks analyzed

Conclusion

The Holy Grail indicator combines ADX and Exponential Moving Average (EMA) to identify entry and exit points, detect trend changes, and measure trend strength at key price levels.

This MetaTrader 4 Currency Strength Indicator displays the latest trading signals on the right side and provides a data frame on the left side to show important chart information.