Urban Tower Indicator for MT4 free download | Forex indicator download - MetaTrader 4 resources

The design of Urban Tower Indicator is based on six moving averages for different time periods and visually displays the trend structure.
By combining the blue and green lines, it defines the overall market direction and reveals momentum transfer points. Its functionality is based on analyzing the convergence and divergence of moving averages; therefore, it can accurately identify the beginning, continuation or end of a trend.

City Tower Indicator Light Specification Sheet

The specifications of the Urban Tower Indicator are shown in the table below.

City Tower Indicators at a Glance

The City Tower indicator displays a buy signal with an upward blue arrow and a sell signal with a downward red arrow.
After the signal is generated, the blue or red area will appear as a retracement area where price revisits confirming the entry point.
Traders can use these retracements to trade direction trends or during market reversals.

Buy Trade Setup

Based on the Ethereum (ETH) 30 minute chart of the cryptocurrency , use the light blue arrow to generate a buy signal.
After the signal appears, the price retraces to the blue level, confirming the entry point. In this case, traders can open a buy position at the retracement level.

Sell ​​Trade Setup

Based on the 1-hour GBP/USD chart, this indicator generates a sell signal by displaying a red arrow. Subsequently, the price hits the red level , creating a selling entry opportunity.

City tower indicator settings

The adjustable parameters in Urban Tower Indicator are as follows:

• MAs Period Start: The starting number of the first moving average
• MAs Period Step: Incremental gap between moving average periods
• MAs Applied Price: Calculate price type
• MAs Method: Moving average calculation method
• Show Mas: Show or hide moving averages
• Track Back Count: Number of candles used for trend and signal analysis
• Alerts ON: alert activation status
• Message Alert: text notification display
• Email Alert: Email notification options
• Sound Alert: Sound notification options
• Sound File: Name of sound file

Conclusion

The Urban Tower indicator uses 6 moving averages to gradually reveal the trend structure and accurately define price retracement areas.
It generates buy and sell trading signals using arrow marks on the chart.
Additionally, its settings include enabling various types of alerts such as text, sound, and email notifications.