Urban Towers Indicator for MT4 – 100% Free Download

Oliver Murphy 08/04/2025

1 6,289 5 minutes read

The Urban Towers indicator employs a set of six moving averages (MAs) with progressive periods. This setup creates a clear visual structure on your chart, which is excellent for identifying the prevailing trend direction, spotting potential reversal zones, and finding good re-entry opportunities if a trend is already underway. Whether you’re a fast-paced scalper or a patient swing trader, this indicator is designed to adapt to your style.

Urban Towers Indicator Installation

1. Unzip the file you’ve downloaded.

2. Find the file that is called “urban-towers-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:

Urban Towers Indicator for MT4 – 100% Free Download

Indicator Description

The Urban Towers Indicator for MT4 is fundamentally a trend-following tool that utilizes multiple moving averages to give you a clearer picture of the market. By plotting six moving average lines with incrementally increasing periods, it helps you effectively identify the trend’s direction.

The Urban Towers indicator consists of:

3 blue moving averages
3 green moving averages
Blue (upward) arrows indicating potential bullish (buy) signals
Red (downward) arrows indicating potential bearish (sell) signals

These multiple lines are designed to provide excellent entry points when a trend reverses and also offer re-entry signals if a trend continues.

The indicator is built to be useful for both new and experienced forex traders. One of the great things about it is its versatility—it works effectively across all chart timeframes, making it a solid choice for both short-term and long-term trading approaches.

How to use the Urban Towers Indicator?

The underlying strategy of the Urban Towers indicator is based on simple trend-following principles: you identify the main trend and then look to enter in the direction of that trend after a minor pullback or retracement. For example:

If the price is consistently trading above all the moving averages, the indicator considers this an uptrend. In this scenario, you’d primarily be looking for buying opportunities.
The strategy then waits for a retracement, which is defined as at least three consecutive candles showing lower highs (during an uptrend).
An entry is typically considered on the break of the high of the last of these retracement candles.
The logic is reversed for a downtrend: if the price is below the moving averages, you’d look for selling opportunities after a retracement of at least three candles with higher lows, entering on a break of the last candle’s low.

The good news is that the indicator is designed to do this “hard work” for you by checking if all these rules are met and then printing the corresponding aqua or red arrow on your chart.

Basic Trading Signals

Buy Signal Scenario

Signal: Wait for a blue up arrow to appear on your chart.
Confirmation: Ensure that the price is trading above both the green and blue moving average bands (i.e., all six MAs). This confirms the uptrend context.
Entry: Enter a buy trade.
Stop Loss: Place your stop loss below the most recent swing low to protect your position.
Exit/Management: You can consider trailing your stop loss as the trade moves in your favor, or look to exit the trade once an opposite red arrow appears, which might indicate a potential shift in the trend.

Sell Signal Scenario

Signal: Watch for a red down arrow to appear.
Confirmation: Confirm that the price is trading below all six moving averages (both green and blue bands). This confirms the downtrend context.
Entry: Place a sell trade.
Stop Loss: Set your stop loss above the last swing high.
Exit/Management: Similar to a buy trade, you can trail your stop or consider exiting your sell position when the next aqua arrow appears, signaling a potential change in trend.

Trading Tips

Multiple Entries: One of the interesting aspects of this indicator is that during a strong trending move, you might receive multiple entry signals (arrows) in the same direction. In such cases, more aggressive traders might consider “stacking positions” or adding to their existing trade. However, this should only be done if your margin requirements and overall risk management strategy allow for it, as while multiple positions can increase rewards, they also increase risk.
Use for Confirmation: The indicator is often best used for directional confirmation and for timing your entries into a trend.
Risk Management: Always adhere to solid risk management principles in your trading. No indicator can predict the future with 100% accuracy.

My Conclusion on the Urban Towers Indicator

To sum it up, the Urban Towers Forex Indicator for MT4 is a fantastic trend-following tool. Its design is simple, providing a clean look on the chart, and it’s surprisingly versatile for different trading styles. If you’re serious about trading with the trend and prefer an easy-to-read yet practical indicator, this one seems worth exploring.

Just keep in mind that no trading tool is a magic bullet. The Urban Towers indicator, like any other, should be used wisely, tested properly, and always in conjunction with a sound trading plan and robust risk management.