The dual colored MA indicator for MT4 is a moving average type technical tool that alters the color of its signal line when the market favors bullish or bearish sentiments.
This indicator is designed to shed more light on entry and entry signals, asides the most profitable market trends.
The default indicator’s setting fits well into both short-term and long-term trading.
Deploy for scalping, day trading and swing trading purposes.
Key Takeaways
- This technical tool is one of the simplest indicators, offering users one of the easiest trend detection styles i.e. the green colored line segment represents buy signal, while the blue line segment alert traders to sell accordingly.
- The color MA buy/sell Indicator is well suited for newbie traders who are bent on experiencing simplicity during trading.
Feel free to explore the dual colored buy/sell MA indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “color-ma-indicator.ex4” Metatrader 4 indicator
Buy/Sell Moving Average Forex Signals Indicator Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Color MA Indicator MT4 Indicator
Buy Signal: Go long when the Color MA indicator prints a green ascending line segment on the activity chart, while the light sea green line of the DeMarker indicator breaks and stays above the 0.5 horizontal level.
Sell Signal: Go short when the Color MA indicator prints a blue descending line segment on the activity chart, while the light sea green line of the DeMarker indicator dips and hovers below the 0.5 horizontal level.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the line color of the Color MA indicator reverts to blue. Else, the light sea green line of the DeMarker MT4 indicator declines below the 0.5 signal level.
Exit sell trade: Close all sell orders if while a bearish trend is running, the line color of the Color MA Indicator changes to green. Else, the light sea green line of the DeMarker MT4 indicator surges above the 0.5 horizontal signal line.
Tips: The dual colored buy/sell moving average ndicator is a simple and profitable technical indicator.
Asides being able to function as a standalone indicator, signal accuracy is further ramped up when combined with for instance, the DeMarker indicator (see example above).
Download This Forex Indicator Now
Download the “color-ma-indicator.ex4” MT4 indicator
Adjustable Parameters
PeriodAv, flat, color up, color down, color flat, width.
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.
