Var Moving Average for Metatrader 4 is a powerful trend indicator that delivers buy & sell signals for scalpers and day traders alike.
In essence, the Var Moving Average (mt4) will assist you in taking informed buy and sell trade decisions.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The signals appear on the main MT4 chart window in the form of green and red colored dots.
Buy & sell signal:
- A buy signal is given when the first green dot gets displayed on the chart.
- A sell signal is given when the first red dot gets displayed on the chart.
- Close and reverse the open position when an opposite trading signal occurs on the chart.
The Var Moving Average indicator can be used for both trade entry and exit or as an additional trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Var Moving Average mt4 indicator in action.
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Var Moving Average Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
How to install this indicator on Metatrader 4?
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 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.