The 4-ma-strength-indicator for Metatrader 4 delivers buy and sell signals in a separate window below the main chart.
It consists of 4 moving averages with different periods (can be fully customized).
Green bars above the zero level indicate the trend is bullish and traders look to go long.
Purple bars below the zero level indicate the trend is bearish and traders look to go short.
A blank space between the colored bars suggests the trend is flat or range-bound.
This indicator can be used for scalping, day trading and swing trading on any currency pair.
Free Download
Download the “4-ma-strength-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the 4-ma-strength-indicator forex indicator in action.
Basic Trading Signals
Signals from this indicator are easy to interpret and goes as follows:
Buy Trade: Open buy at the first green histogram bar.
Sell Trade: Open sell at the first purple histogram bar.
Close the open trade at an opposite signal (green to purple or purple to green), or use your own method of trade exit.
4 Moving Averages Buy/Sell Signals and Zone Trade MT4 Scalping Strategy
This MT4 scalping strategy combines the trend momentum shown by the 4 Moving Averages Buy/Sell Signals Metatrader 4 Forex Indicator with fast entry signals from the Zone Trade Forex Scalper Indicator MT4.
The 4 Moving Averages indicator uses green bars above zero to indicate bullish momentum and purple bars below zero to indicate bearish momentum.
The Zone Trade indicator gives buy and sell signals visually by coloring the candle green for buy and red for sell.
This strategy focuses on quick scalping trades where trend direction and timely entries align.
It works best on M1 and M5 charts where small price advances can be captured repeatedly during active market sessions.
The rule set is crafted to improve your chances by entering when both momentum and entry signals agree, helping to avoid random noise on short timeframes.
Buy Entry Rules
- The 4 Moving Averages Buy/Sell Signals indicator must show green bars above zero, indicating bullish momentum.
- The Zone Trade Forex Scalper indicator must display a green candle, signaling a buy entry opportunity.
- Enter a buy trade at the close of the candle where the green scalper candle appears while the momentum bars remain green.
- Place the stop loss a few pips below the recent swing low or just below the low of the entry candle on M1 and M5 charts.
- Exit the trade when the 4 Moving Averages bars turn purple or when the next red Zone Trade candle appears.
Sell Entry Rules
- The 4 Moving Averages Buy/Sell Signals indicator must show purple bars below zero, indicating bearish momentum.
- The Zone Trade Forex Scalper indicator must display a red candle, signaling a sell entry opportunity.
- Enter a sell trade at the close of the candle where the red scalper candle appears while the momentum bars remain purple.
- Place the stop loss a few pips above the recent swing high or just above the high of the entry candle on M1 and M5 charts.
- Exit the trade when the 4 Moving Averages bars turn green or when the next green Zone Trade candle appears.
Advantages
- Combines trend momentum with clear scalper entry signals to reduce random entries.
- Visual trade entries help you spot opportunities quickly on fast timeframes.
- Works on M1 and M5 charts for scalping in active markets.
- Simple rules make it easy to learn and follow consistently.
- Helps you capture small intra‑session moves with clear exits.
Drawbacks
- Momentum color changes may lag slightly when the market reverses sharply.
- Requires discipline to exit when signals reverse rather than holding too long.
- Spread costs can impact net profitability on very small pip moves, especially on M1.
Case Study 1 – NZDUSD M1
On NZDUSD using the M1 timeframe during the London session activity, the 4 Moving Averages indicator displayed green bars above zero, signaling bullish momentum.
The Zone Trade indicator then showed a green candle.
A buy trade was entered at the close of the signal candle with the stop loss placed a few pips below the entry candle’s low.
Price moved higher for the next several bars while green momentum bars remained above zero.
The trade was closed when the 4 Moving Averages bars turned purple, capturing 9 pips on this quick scalp with trend and entry alignment.
Case Study 2 – USDCAD M5
On USDCAD in an M5 timeframe, the 4 Moving Averages indicator turned purple below zero, indicating bearish momentum.
Shortly thereafter, the Zone Trade indicator displayed a red candle.
A sell trade was taken on the close of the red candle with the stop loss placed just above the entry candle high.
Price continued lower over the next few bars as momentum remained bearish.
The trade was exited when a green Zone Trade candle appeared, capturing 17 pips as the market shifted direction on this active session move.
Strategy Tips
- Focus on active trading sessions such as London and New York for stronger momentum and cleaner scalping signals.
- Avoid taking trades when the momentum bars are flat or oscillating around zero; this often indicates weak conditions.
- Use tight stop losses appropriate for M1 and M5 charts but allow enough room for normal price movement to avoid being stopped prematurely.
- Monitor spread costs on your chosen pair; lower spread pairs will often yield better scalping results on tight setups.
- Practice your entry timing to avoid entering mid‑candle; always wait for the candle’s close confirmation of both signals.
- Do not overtrade; choose only the strongest alignment signals during the session for higher probability trades.
Download Now
Download the “4-ma-strength-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Ma1_Period, Ma2_Period, Ma3_Period, Ma4_Period, Shift, TimePeriod, ShowDays) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Oscillator
