The 6 Moving Averages (6 MA’s) indicator for MT4 is a complete Forex trading system based on 6 different moving averages.
It combines short-term, medium-term and longer-term moving averages.
All moving averages combined together form a typical crossover Forex system that works.
- A buy trend occurs when all moving averages are aligned up. The short-term moving averages are aligned above the medium-term and longer-term moving averages AND the medium-term moving averages are also aligned above the longer-term moving averages.
- A sell trend occurs when all moving averages are aligned down. The short-term moving averages are aligned below the medium-term and longer-term moving averages AND the medium-term moving averages are also aligned below the longer-term moving averages.
Feel free to experiment with the Moving Average periods.
This Metatrader 4 indicator can be used for scalping (M1, M5), day trading (M5, M15, M30) and swing trading (H1, H4, D1).
Download This MT4 Forex Indicator Free
Download the “6-moving-averages.ex4” Metatrader 4 indicator
6 Moving Averages Forex System 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 6 Moving Averages Forex System 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 all 6 Moving Averages are aligned up (short MA’s above medium MA’s and long MA’s + medium MA’s above long MA’s)
Place a stop loss below the longer-term moving average, or use your own stop loss strategy.
Aim for reward/risk 1.5:1 ratio or better, or deploy your own take profit strategy.
Sell Trigger: Sell the Forex pair when all 6 Moving Averages are aligned down (short MA’s below medium MA’s and long MA’s + medium MA’s below long MA’s)
Place a stop loss above the longer-term moving average, or use your own stop loss strategy.
Aim for reward/risk 1.5:1 ratio or better, or deploy your own take profit strategy.
Download This Forex Indicator Now
Download the “6-moving-averages.ex4” MT4 indicator
Adjustable Parameters
MA1 period, MA2 period, MA3 period, MA4 period, MA5 period, MA6 period, 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.
