The Accelerated Moving Average Forex indicator for MT4 displays a moving average on the chart with less price lag.
The default MA period is set to 50 and can be changed by editing the indicator’s inputs.
The basics of the indicator is easy to understand:
- Price above the moving average is considered bullish.
- Price below the moving average is considered bearish.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Indicator Example Chart (GBP/USD H1)
How to trade with it (example)?
Open a buy position whenever price closes above the Accelerated Moving Average from below. Trend is bullish now.
Open a sell position whenever price closes below the Accelerated Moving Average from above. Trend is bearish now.
Exit the trade for a fixed profit target or wait for an opposite trading signal.
Feel free to use your own favorite trading method to open and close trades with the Accelerated Moving Average indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Period, color settings & style
Indicator type: Moving average
Repaint? Does not repaint the moving average red line.
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 accelerated-ma.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.