The Fibonacci with MA Forex indicator for Metatrader 4 can be categorized as a directional trend trading tool that works with Fibonacci and multiple moving averages.
The indicator gets displayed in the main MT4 chart window in the form of a colored trend rainbow indicator and a signals dashboard.
The Fibonacci with MA indicator can be used in multiple ways.
Buy & Sell Trade Example
- Buy the currency pair when the slope of the colored trend rainbow is trending upwards.
- Sell the currency pair when the slope of the colored trend rainbow is trending downwards.
The Fibonacci with MA indicator can be used for trade entry, or as a directional trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “kg fibonacci ma.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Fibonacci with MA mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fibonacci with MA Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
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Download the “kg fibonacci ma.mq4” indicator for Metatrader 4
