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