The 6 Moving Averages Forex Trend indicator for Metatrader 4 delivers solid trading signals based on 6 simple moving averages.
The indicator uses the following default MA periods: 5, 10, 25, 75, 100 and 200.
All periods can be easily changed from the indicator’s inputs tab.
- A strong bullish trend occurs when price trades above ALL 6 moving averages.
- A strong bearish trend occurs when price trades below ALL 6 moving averages.
The indicator delivers strong results in a trending environment.
The indicator works for all time frames.
Indicator Example Chart (USD/JPY Daily)
How to trade with it?
Open a buy trade whenever price closes above ALL 6 Moving Averages.
Open a sell trade whenever price closes below ALL 6 Moving Averages.
Exit the trade for a fixed profit target. Don’t wait for an opposite signal.
Feel free to use your own favorite trading method to open and close trades with the 6 Moving Averages Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: MA 1 period, MA 2 period, MA 3 period, MA 4 period, MA 5 period, MA 6 period, color settings & style
Indicator type: Moving averages
Repaint? Does not repaint the 6 MA’s lines.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 6-moving-averages.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.