What is SFI Indicator?
SFI Indicator is an MT4 indicator that uses aqua and yellow arrows to show trend direction and lime and red arrows to mark entry signals. It combines historical price data with a trend-following algorithm and is presented as a non-repainting indicator.
How to use SFI Indicator
Aqua, yellow, lime, and red arrows appear when the indicator marks a buy or sell entry signal. Combine the arrow with price action such as engulfing or pin bars when reviewing a setup. Relatively short timeframes suit scalping and day trading.
Where it helps
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 |
|---|---|
| Trend_Finder_Indicator_For_Entry_and_Exit | Shows the indicator name and version information. |
| Developed_by | Shows the developer or provider name. |
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.
