The 4 MA’s Forex Signal indicator for Metatrader 5 is a versatile signal alert arrow-based tool that consists of 4 moving averages.
The indicator analyses price data and converts it into easy-to-trade buy and sell signal arrows.
You can experiment with the 4 different moving averages settings and periods to create your own personalized indicator version.
Understanding the 4 MA’s indicator:
- A bullish signal occurs when the price is trading above the 4 moving averages.
- A bearish signal occurs when the price is trading below the 4 moving averages.
The following indicator inputs and parameters can be modified: first MA period, second MA period, third MA period, fourth MA period, use swing signals, method, and colors.
The 4 MA’s Forex Signal indicator works for any trading instrument (Forex, Stocks, Indices, etc.) that can be loaded in the Metatrader 5 platform.
Make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
It supports all time frames and Forex pairs.
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Chart Example
The following chart shows how the 4 MA’s Forex Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell FX Pairs With The 4 MA’s Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- A yellow colored 4 MA’s arrow is a buy signal.
- Open a buy trade and place your protective stop loss below support.
- Exit the buy trade for a fixed take profit target or wait for the red colored bearish arrow.
Sell Signal
- A red colored 4 MA’s arrow is a sell signal.
- Open a sell trade and place your protective stop loss above resistance.
- Exit the sell trade for a fixed take profit target or wait for the yellow colored bullish arrow.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the MA_Signal.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration