The MA Trend Bar Forex indicator for Metatrader 5 transforms a moving average into a buy & sell bar indicator that works for any time frame.
The indicator follows the most likely up or down trend and can be used as a standalone technical tool.
Understanding the colored trend bars:
- A blue colored MA Trend bar is bullish.
- A red colored MA Trend bar is bearish.
The following indicator inputs and parameters can be modified: period begin, period step, count, method, and applied price.
For M1 and M5 chartists: the indicator should deliver the best results in the London and New York trading sessions.
Make yourself familiar with this technical indicator and test it first on a demo account.
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Chart Example
The following chart shows how the MA Trend Bar indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The MA Trend Bar Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given as soon as the blue colored MA Trend bar shows up in the chart.
- Open a buy trade and set your stop loss slightly below support.
- Close the buy trade for a fixed profit target or hold the trade until the first red MA Trend bar shows up in the chart.
Sell Signal
- A sell signal is given as soon as the red colored MA Trend bar shows up in the chart.
- Open a sell trade and set your stop loss slightly above resistance.
- Close the sell trade for a fixed profit target or hold the trade until the first blue MA Trend bar shows up in the chart.
