The multi timeframe triple moving average forex indicator for Metatrader 4 is an awesome buy and sell signals triple crossover indicator.
It consists of a fast moving average, middle moving average and slow moving average.
Just click the checkboxes to activate the triple moving average signals from the following timeframe’s: 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour, 1-day and 1-month.
This indicator works for scalping, day trading, swing trading and position trading.
For instance, when trading off the 5 min chart, you can quickly check for the current trend on the 15 min chart when your press the 15 min checkbox.
The EUR/USD H1 chart below shows the multi timeframe triple moving average forex indicator in action.
Basic Trading Signals
This is a typical triple MA crossover system. The basic rules goes a follows:
Buy Signal: Fast MA trades both above the middle MA and the slow MA + the middle MA trades above the slow MA
Sell Signal: Fast MA trades both below the middle MA and the slow MA + the middle MA trades below the slow MA
Exit buy trade: At an opposite signal (sell)
Exit sell trade: At an opposite signal (buy)
Tip: You can always use your own preferred method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Fast MA Period, Shift, Middle MA Period, Method, Slow MA Period, Applied Price, Line Styles) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Moving Averages
Copy and paste the FXTT_MTF_TripleMA.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)