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4 Moving Averages Forex Trend Indicator For Metatrader 5

    The 4 Moving Averages (4 MA’s) Forex trend indicator follows the most profitable trend at all times with the help of 4 moving averages.

    You can choose from 4 different moving averages types:

    Simple moving average, exponential moving average, smoothed moving average and linear weighted moving average.

    To make it even more easier for traders, this special 4 MA’s indicator uses a dual-colored candlestick color:

    • A green colored 4MA’s candlestick suggests the trend is bullish. Traders look to buy the currency pair.
    • An orange colored 4MA’s candlestick suggests the trend is bearish. Traders look to sell the desired currency pair.

    Feel free to experiment with the different 4MA’s types and periods.

    Use this trend-following indicator for scalping, day trading and swing trading any pair or MT5 symbol of your preference.

    Download This MT5 Forex Indicator Free

    Download the “4-ma-candles-indicator.mq5” Metatrader 5 indicator

    4 Moving Averages (4 MA’s) Indicator Chart

    Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.

    You can apply the indicator to any currency pair and time frame of your preference.

    Finding Buy and Sell Triggers With 4 Moving Averages (4 MA’s) Technical Analysis Chart Indicator

    Below is an example of how to buy and sell currency pairs with this Forex indicator:

    Buy Trigger: Open a buy trade when the 4 Moving Averages (4 MA’s) MT5 indicator draws its first green candlestick on the chart. The trend is now upward.

    Place stop loss 3 pips below support, or use your own stop loss placement method.

    Exit the 4 MA’s buy trade for a reward to risk 1.5:1 ratio or use a fixed profit target, for instance 25 pips on the 5 min chart.

    Sell Trigger: Open a sell trade when the 4 Moving Averages (4 MA’s) MT5 indicator draws its first orange candlestick on the chart. The trend is now downward.

    Place stop loss 3 pips above resistance, or use your own stop loss placement method.

    Exit the 4 MA’s sell trade for a reward to risk 1.5:1 ratio or use a fixed profit target, for instance 30 pips on the 15 min chart.

    Download This Forex Indicator Now

    Download the “4-ma-candles-indicator.mq5” MT5 indicator

    Adjustable Parameters

    Averages period, averages method, colors, width, style.

    Usage

    The indicator can be used as a stand-alone signals indicator.

    It can also be combined with:

    • Trading oscillators (MACD, Stochastic, RSI,…)
    • Trend indicators (Bollinger Bands, ADMI,…)
    • Price action methods and techniques

    More Info About This Indicator

    Tradable Currency pairs: Any

    Trading Platform: MT5

    Time frames: M1, M5, M15, M30, H1, H4, D1, W1

    Indicator Type: trend

    Installation

    Copy and paste the indicator in the MT5 indicators data folder.

    Then restart the MT5 terminal and attach it to any chart.