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55 Moving Average Channel Indicator For MT4

    The 55 Moving Average Channel for Metatrader 4 is an interesting signals indicator that’s built around the 55 period moving average.

    The indicator is simple to use and provides both buy and sell signals that work for scalpers and day traders.

    The 3 blue channel lines are considered bullish while the 3 red channel lines are considered bearish.

    The middle line determines the entry point.

    Buy & sell signal:

    • Buy the FX pair when the candlestick closes above the sea-blue middle line from below.
    • Sell the FX pair when the candlestick closes below the sea-blue middle line from above.
    • For longs, take profit at the blue lines, for shorts, take profit at the red lines.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the kanal-ant-indicator.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the Euro / U.S. Dollar technical chart.

    How to install the 55 Moving Average Channel indicator to your Metatrader 4 platform?

    • Download the kanal-ant-indicator.mq4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration