The ADX Fibo MA Forex signal indicator combines 3 popular technical indicators into one MT4 indicator for the ease of use.
It follows the overall trend with good accuracy and can be used for scalping and day trading on the lower time frames.
Use on the H1, H4 and D1 for swing trading purposes.
Buy and sell trends from the ADX Fibo MA MT4 indicator:
- A buy trend will occur when price trades above all indicator lines. The trend is now bullish.
- A sell trend will occur when price trades below all indicator lines. The trend is now bearish.
Feel free to experiment with all ADX Fibo MA input parameters.
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ADX Fibo MA Forex 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 ADX Fibo MA Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Go long when price closes above all indicator lines. The trend is now considered bullish.
Place a stop loss below the green indicator line, or use your own stop loss strategy.
Exit the buy trade when a sell trigger signal appears on the chart, or use your own favorite take profit method.
Sell Trigger: Go short when price closes below all indicator lines. The trend is now considered bearish.
Place a stop loss above previous swing resistance, or use your own stop loss strategy.
Exit the sell trade when a buy trigger signal appears on the chart, or use your own favorite take profit method.
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MA period, Fibo MA, ADX, take profit, stop loss, trailing stop, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- 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: ADX
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.