The 3 LWMA Forex indicator for Metatrader 4 consists of 3 signal lines and represents a complete trading system that delivers good profits.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The rules to buy and sell with the 3 LMWA indicator are very simple to understand:
- A buy trend occurs when the red signal line is positioned above the light-blue and dark-blue signal line.
- A sell trend occurs when the red signal line is positioned below the light-blue and dark-blue signal line.
The indicator works equally well for all currency pairs.
Free Download
Download the “atr-3lwma-indicator.mq4” indicator for MT4
Indicator Example Chart (USD/JPY Daily)
How to trade with it (example)?
Open a buy trade as soon as the red signal line crosses above the light-blue and dark-blue signal line AND the light-blue is positioned above the dark-blue signal line.
Open a sell trade as soon as the red signal line crosses below the light-blue and dark-blue signal line AND the light-blue is positioned below the dark-blue signal line.
Close the trade for a fixed profit target or near support or resistance levels.
Place a stop loss above or below previous resistance or support.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair + any other trading instrument
Time frames: Works for any time frame
Input Parameters: Signal period, fast period, slow period, color settings & style
Indicator type: Trend
Repaint? Does not repaint the 3 LWMA signal lines.
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Download the “atr-3lwma-indicator.mq4” indicator for Metatrader 4
Installation:
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 atr-3lwma-indicator.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.
