What is Psycho_v2?
Psycho_v2 is an MT4 signal tool built on two EMAs and a stochastic. The stochastic is used as a filter for sideways conditions.
How to use Psycho_v2
Signals appear when the two EMAs cross. The area between the two EMAs is filled in.
Where it helps
Assess whether each signal aligns with the direction of the surrounding price move
Compare how many signals appear across ranging stretches of the chart
Review how the signals differ when the multi-timeframe calculation is run on a higher timeframe
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| timeFrame | — |
| FastEMA | Sets the period of the fast EMA. |
| SlowEMA | Sets the period of the slow EMA. |
| StochasticPeriod | Sets the period of the stochastic filter. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
