4 Moving Averages Metatrader 4 Signal Indicator

The 4 Moving Averages (4 MA’s) MT4 signal indicator follows the best buy/sell trends for any currency pair and chart.

The 4 MA’s Forex indicator is composed of colored bars that appear in a sub window below the main activity chart.

It uses yellow, red and green bars.

The bar color depends on the trend across the 4 moving averages:

  • A green buy bar occurs when all 4 MA’s trends are all aligned up.
  • A red buy bar occurs when all 4 MA’s trends are all aligned down.
  • A yellow “no trend” bar occurs when the 4 MA’s trends are mixed.

Feel free to experiment with the different 4 Moving Averages periods.

This Metatrader 4 indicator can be used for scalping, day trading and swing trading.

Download This MT4 Forex Indicator Free

Download the “4mas-trend-indicator.ex4” Metatrader 4 indicator

4 Moving Averages Signal Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 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 Signal Technical Analysis Chart Indicator

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

Buy Trigger: Buy the Forex pair when the 4 Moving Averages Signal MT4 indicator draws the FIRST green bar.

Place a stop loss 3 pips below previous swing low support, or use your own stop loss strategy.

Aim for reward/risk 2:1 ratio or better, or deploy your own take profit strategy.

Sell Trigger: Sell the Forex pair when the 4 Moving Averages Signal MT4 indicator draws the FIRST red bar.

Place a stop loss 3 pips above previous swing high resistance, or use your own stop loss strategy.

Aim for reward/risk 2:1 ratio or better, or deploy your own take profit strategy.

Yellow bars: don’t open a new trade. You can stick with your current open position.

Download This Forex Indicator Now

Download the “4mas-trend-indicator.ex4” MT4 indicator

Adjustable Parameters

MA1 period, MA2 period, MA3 period, MA4 period, mode, 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,…)
  • Price action methods and techniques

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

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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