The Next Move Forex Indicator for MT4 predicts future price direction using recent chart price movements and current market momentum. The indicator is simple to use and well suited for both new and advanced forex traders. Moreover, it works on all chart time frames!

As the indicator provides a potential direction it helps forex traders to trade accordingly. It gives you a great visual forecast that can help you plan exits or confirm your trade direction.

Indicator Description

The Next Move Indicator analyzes past price behavior and ongoing price action to plot a projected path right on your chart. It does this by drawing a magenta-colored line that shows at where the price might go in the short term.

This predictive line is based on calculated data from the market’s rhythm, giving traders a glimpse into what could come next.

It’s easy to use, visually intuitive and integrates seamlessly into most manual or automated trading strategies.

Next Move Indicator Installation

1. Unzip the file you’ve downloaded.

2. Find the file that is called “Next Move Indicator.ex4″ and copy it.

3. Open your MT4.

4. Go to “File – Open Data Folder – MQL4”.

5. Paste the file into the “Indicators” folder in MQL4.

6. Restart your MT4.

After the installation, your trading chart will look like this:

How to use the Next Move Indicator?

Once added to your MT4 chart, the indicator immediately calculates and draws a forward-projection line using the magenta color. You can increase or decrease the forward projection using the “xdist” setting in the indicator’s input tab. A higher xdist value pushes the line further into the future.

I usually stick to the indicator default settings, though, as they give the most balanced and realistic projection.

Trend Confirmation

While the Next Move Indicator isn’t an entry trigger on its own, I’ve found it useful when paired up with other tools like
for example with my premium indicator Cobra Scalper. When in doubt, just check if the Next Move Indicator agrees with the trade direction.

If I’m already in a trade, I’ll glance at the magenta line to see if it aligns with my position. If I’m in a sell trade, and the line continues downward, that’s a good sign that momentum is still on my side.

Exit Signs

On the flip side, if I’m short but the projection line starts sloping upward, that’s often a cue to tighten my StopLoss level or close the trade – the same logic for long positions.

As you can see, Cobra Filter “agrees” with the Next Move Indicator that the price is likely to rise in the next few candles.

This indicator shines when it comes to exit timing, especially in volatile conditions when prices can reverse quickly.

My Conclusion on the Next Move Indicator

The Next Move Indicator is a simple yet effective forecasting tool that helps you visualize where the market might head next. It’s not here to tell you when to buy or sell – but it’s an excellent companion for your existing trading strategy.

If you’re a trader who likes to be prepared and think a few candles ahead, this indicator will feel like a valuable assistant on your chart. So give it a try. Combine it with your favorite tools. Use it for confirmation, exit planning, and even just to build more confidence in your trading decisions.

P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!

P.P.S. Check out software by Altra Forex Group here