The Var Moving Average Metatrader 4 Forex Indicator is a trend following indicator designed for die-hard trend followers.
It is a quite popular forex trading indicator among stock traders, as well as commodity traders.
The Var Moving Average indicator’s popularity stems from its ability to deliver genuine money making signals to its users.
Users can also deploy it on all timeframes, as well as any currency pair.
The indicator is comprised of green and red dots that are placed on a sienna line.
The green dot is pointing to a bullish signal, while the red dot depicts a bearish signal.
The CAD/JPY H1 chart below displays the Var Moving Average Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the dots on the sienna line of the Var Moving Average Metatrader 4 forex indicator turns green.
Sell Signal: Go short when the dots on the Sienna line of the Var Moving Average Metatrader 4 forex indicator changes to red.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, a red dot pops up on the sienna line of the Var Moving Average indicator.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, a green dots gets displayed on the sienna line of the Var Moving Average indicator.
Tips: Make use of a moderate stop-loss to guard against false signals when using the Var Moving Average indicator.
Use it for all kind of trading styles including scalping and day trading.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (periodAMA, nfast, nslow, G, dK, UseSound, SoundFile), 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 var-moving-average.ex4 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)