The Ultimate moving average forex Metatrader 4 indicator is a good buy and sell signals indicator that can be applied to any currency pair and timeframe.
The Ultimiate_MA indicator consists of a fast, middle and slow period moving average.
All price data is mixed into one easy to understand moving average line with simple rules to trade.
Traders can also modify the type of moving average being used, you have the simple moving average, the exponential moving average, the smoothed moving average and finally the linear weighted moving average.
So, feel free to experiment with all indicator settings.
This is a good indicator for all kind of trading styles, including scalping and day trading.
The EUR/USD M15 chart below displays the Ultimate moving average forex indicator in action.
Basic Trading Signals
The signals from the Ultimate moving average are easy to interpret and goes as follows:
Buy Trade: Open buy trade when the price crosses and closes above the Ultimate moving average from below.
Sell Trade: Open sell trade when the price crosses and closes below the Ultimate moving average from above.
Trade exit: Exit the trade when an opposite signal occurs or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (MA Method, fastperiod, middleperiod, slowperiod, fastK, middleK, slowK) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Ultimate_MA.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)