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4 MA’s Trend Metatrader 4 Forex Indicator

    The 4 MA’s Trend MT4 forex indicator draws buy and sell signal bars in a separate window based on the crossover of 4 moving averages with different period.

    It’s a trend-following trading indicator.

    Green bars for an up trending market, red bars for a down trending market and yellow bars for a flat market.

    This indicator can be used for scalping, day trading, swing trading and position trading on any currency pair for your chosen timeframe.

    The indicator is beginner friendly and self explanatory.

    Free Download

    Download the “4mas-trend-indicator.mq4” MT4 indicator

    Example Chart

    The GBP/USD H1 chart below displays the 4 MA’s Trend forex indicator in action.

    Basic Trading Signals

    Signals from the 4 MA’s Trend indicator are easy to interpret and goes as follows:

    Buy Trade: Open buy trade at the first green histogram bar.

    Sell Trade: Open sell trade at the first red histogram bar.

    Close the open trade at an opposite signal (green to red or red to green), or use your own method of trade exit.

    Tip: Do not open new trades at the yellow bars, it means the market is ranging. Just wait for green or red bars to enter new trades.

    Download

    Download the “4mas-trend-indicator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (Ma1_Value, Ma2_Value, Ma3_Value, Ma4_Value, Mode) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Signals

    Installation

    Copy and paste the 4mas-trend-indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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