The 4 MA’s Trend Signal Metatrader 4 indicator is a unique trend signal indicator that gauges the direction price is going to take for short- and long-term markets.
The indicator opens up in a separate window and comprises of four moving averages i.e. the simple, exponential, smoothed and linear weighted moving averages.
A signal system is added to the indicator in the form of colored directional arrows, for a more precise information on the likely market trend.
- The contraction and expansion of the moving averages signifies the lack of volatility and its probable spike respectively.
- When the lines of the 4 MA’s indicator contracts, it is showing price readiness for an imminent breakout. While the widening of the averages is an indication that a trend is running.
- The presence of colored directional arrows is the 4 MA’s Trend indicator simplifying its signal system.
Feel free to explore the 4 MA’s Trend Signal Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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4 MA’s Trend Signal Forex Indicator Chart (EUR/AUD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The 4 MA’s Trend Signal MT4 Indicator
Buy Signal: Go long when the sky blue upward pointing arrow of the 4 MA’s Trend Signal indicator gets printed within its window.
When the Awesome Oscillator prints green and red histograms above the zero-horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the magenta downward pointing arrow of the 4 MA’s Trend Signal indicator gets printed within its window.
When the Awesome Oscillator prints red and green histograms below the zero-horizontal level, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the 4 MA’s Trend Signal indicator pops up a magenta arrow. Else, the Awesome Oscillator displays a red histogram below the zero-center level.
Exit sell trade: Close all sell orders if while a bearish trend is running, the 4 MA’s Trend Signal indicator pops up a sky-blue arrow. Else, the Awesome Oscillator displays a green histogram above the zero-center level.
Tips: The 4 MA’s Trend Signal MT4 indicator can be applied to diverse currency pairs, cryptocurrencies, stocks, options and others.
Additionally, the indicator is well suited for varying time frames within the Metatrader 4 trading platform.
Scalpers, day and swing traders can comfortably add the indicator to their personalized trading systems.
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Trend period, ratio, multiplier, band period, show band, method selection, method type, price selection, price type, show signal, show title, show value, calculate bars.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.