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Fibonacci Moving Average Indicator For MT4

    The Fibonacci Moving Average Forex signals indicator for Metatrader 4 is based on both Fibonacci levels and 8 moving averages.

    The indicator appears in the main chart window as a simple to use signals dashboard and the 8 moving averages.

    The mini dashboard displays the buy/sell trends for 8 different time frames and it updates the signals at the close of each candlestick.

    A green up arrow represents a buy trend while a red down arrow represents a sell trend.

    General Information

    • Based on Fibonacci levels + 6 MA’s
    • Reveals the buy/sell trend
    • Works for any time frame
    • Works for any trading instrument
    • Does not repaint
    • Developed for Metatrader 4

    Free Download

    Download the kg-fibonacci-ma-indicator.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture below shows the Fibonacci Moving Average Forex signals indicator attached to the EUR/JPY 4-hour chart.

    How to use this Forex indicator?

    This Forex indicator can be used in multiple ways, find an example below:

    Buy Signal:

    • A strong buy signal is given when at least 6 of the arrows are in the green buy mode.
    • Place stop loss below key support.

    Sell Signal:

    • A strong sell signal is given when at least 6 of the arrows are in the red sell mode.
    • Place stop loss above key resistance.

    How to install the Fibonacci Moving Average Forex indicator to the Metatrader 4 platform?

    • Download the kg-fibonacci-ma-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