About the 3 MAs Indicator
The 3 MAs indicator for MT5 combines three moving averages into a series of colored candles, making it easy to identify bullish, bearish, and neutral market conditions.
By transforming MA data into visual candles, traders can quickly interpret trend direction and potential trade setups.
Green candles indicate bullish momentum, red candles indicate bearish momentum, and gray or orange candles represent neutral conditions.
Users can select from four different MA types and adjust fast, medium, and slow periods to suit their trading style.
The indicator works on all currency pairs and timeframes, and is particularly effective for intraday trading and scalping on low-spread pairs.
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3 MAs Market.mq5 Indicator (MT5)
Key Features
- Visualizes three moving averages as colored candles for easy trend spotting.
- Green, red, gray, and orange candle colors indicate bullish, bearish, and neutral momentum.
- Supports multiple MA types and customizable periods.
- Helpful for both short-term scalping and longer intraday trend trading.
Indicator Chart
The 3 MAs indicator plots colored candles directly on the main price chart.
Green candles show potential buy opportunities, red candles indicate potential sell opportunities, and gray/orange candles signal market indecision.
Traders can align entries with candle color changes for trend-following strategies.
Guide to Trade with 3 MAs Indicator
Buy Rules
- Enter a buy trade when the first green candle appears after a neutral or bearish sequence.
- Confirm the candle aligns with recent upward price momentum or trend direction.
- Look for clusters of green candles to strengthen trade conviction.
- Use the indicator alongside support levels or short-term trend signals for better accuracy.
Sell Rules
- Enter a sell trade when the first red candle appears after a neutral or bullish sequence.
- Confirm the candle aligns with recent downward price momentum or trend direction.
- Look for clusters of red candles to strengthen trade conviction.
- Use the indicator alongside resistance levels or short-term trend signals for better accuracy.
Stop Loss
- For buy trades, place a stop slightly below the lowest point of preceding candles.
- For sell trades, place a stop slightly above the highest point of preceding candles.
- Consider the recent swing size when setting stops to avoid getting stopped out by normal market movement.
Take Profit
- Close buy trades when a red candle forms or take partial profits at predefined levels.
- Close sell trades when a green candle forms or take partial profits at predefined levels.
- Use key support/resistance areas for additional exit guidance.
3 MAs Indicator Day Trading Strategy for MT5
This strategy combines the 3 MAs Indicator with the AMA Wave Forex Indicator to create a clean day trading approach focused on trend continuation and momentum confirmation.
The 3 MAs indicator defines the trend using colored candles.
Consecutive green candles indicate a bullish trend, while consecutive red candles show a bearish trend.
The AMA Wave indicator appears in a subwindow and provides momentum confirmation.
A sea-green wave signals bullish pressure, while a pink wave indicates bearish conditions.
This simple, yet effective trading strategy is designed for M15 and H1 charts.
Buy Entry Rules
- Wait for consecutive green candles from the 3 MAs indicator.
- Confirm that the AMA Wave in the sub window is sea-green.
- Enter a buy trade at the close of the confirmation candle.
- Place the stop loss below the recent swing low.
- Take profit when the AMA Wave turns pink or when the candle color shifts to red.
Sell Entry Rules
- Wait for consecutive red candles from the 3 MAs indicator.
- Confirm that the AMA Wave in the sub window is pink.
- Enter a sell trade at the close of the confirmation candle.
- Place the stop loss above the recent swing high.
- Take profit when the AMA Wave turns sea-green or when the candle color shifts to green.
Case Study 1: Buy Trade Example (GBP/CHF M15)
Consecutive green candles appeared, indicating a clear bullish trend.
At the same time, the AMA Wave turned sea-green in the sub window, confirming upward momentum.
A buy trade was opened at the candle close with the stop loss placed below the recent swing low.
Price continued moving upward with small pullbacks until the AMA Wave turned pink, signaling that momentum had weakened and the setup was no longer valid.
Case Study 2: Sell Trade Example (NZD/USD H1)
Consecutive red candles appeared, indicating a strong bearish trend.
The AMA Wave turned pink in the sub window, confirming downward momentum.
A sell trade was opened at the candle close with the stop loss placed above the recent swing high.
Price moved lower steadily, and the trade remained valid until the AMA Wave shifted back to sea-green, indicating a potential change in direction.
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3 MAs Market.mq5 Indicator (MT5)
FAQ
How do the 3 MAs candles generate buy and sell signals?
The indicator converts three moving averages into colored candles: green for bullish, red for bearish, and gray/orange for neutral.
Candle color changes indicate potential trade opportunities.
Can it be used on short-term charts for scalping?
Yes, it works well on M1–M15 charts. Low-spread pairs provide clearer signals for intraday scalping strategies.
Which MA types can be selected?
The indicator supports four MA types, including simple, exponential, smoothed, and linear weighted, allowing flexibility for different trading styles.
Do I need other indicators to use it effectively?
While the indicator provides clear trend signals, combining it with support/resistance or momentum tools can improve trade precision and reduce false entries.
Can the MA periods be adjusted?
Yes, traders can set fast, medium, and slow periods for the three MAs to fine-tune the indicator for their preferred trading timeframe and strategy.
Summary
The 3 MAs indicator visually simplifies trend detection using three moving averages transformed into colored candles.
Green and red candles highlight bullish and bearish signals, while neutral candles indicate indecision.
By following candle color changes, confirming trend direction, and placing stops near support or resistance, traders can systematically capture trend-based moves.
It works well for both intraday trading and scalping, providing clear visual signals for faster decision-making.
