i-Monday_Sig - Indicator for MetaTrader 4

The indicator generates signals for opening/closing trading positions. It analyzes the price dynamics and marks the points for opening/closing trading orders for purchase or sale with the arrows of the appropriate color.

The i-Monday_Sig tool is based on the so-called Monday effect - a trading system that is based on calendar regularities. The basic principle of the system Monday says that the price movement of the financial instrument that begins on Friday is likely to continue on Monday in the same direction.

The drawback of the i-Monday_Sig indicator is generating signals only on Mondays.