6 Moving Averages Forex Trend Indicator (MT4)

About the 6 Moving Averages Forex Trend Indicator

The 6 Moving Averages Forex Trend Indicator for MT4 uses six different moving averages to give traders a comprehensive view of trend strength and direction.

It provides layered confirmation and outputs visual signals, making it easier to trade with confidence.

Key Features

• Six MA layers: Combines fast, medium, and slow moving averages for deep trend insight
• Visual signals: Color-coded area shading or arrows indicate trend direction changes
• Customizable: Set each MA period, type (SMA/EMA), shading style, and alerts
• Multi-timeframe suitable: Works well on M5 through H4 charts
• Non-repainting: Signals remain valid after they appear

How It Works

1. MA layering: The indicator displays six moving averages—fastest to slowest—on a single chart
2. Trend detection: When all MAs align bullishly or bearishly, shading and/or arrows signal a trend shift
3. Alert system: Optional pop-up, email, or push notifications alert when alignment occurs

Free Download

Download the “6-moving-averages.mq4” indicator for MT4

Benefits of Using This Indicator

• High-confidence trend entries with redundant confirmation across six MAs
• Visual cues (shading/arrows) streamline decision-making
• Adaptable to multiple assets and timeframes
• Non-repainting logic supports reliable backtesting and strategy development
• Encourages disciplined trading—enter only when layered alignment is confirmed

Indicator Example Chart (USD/JPY Daily)

How to Trade Using This Indicator

Entry Conditions

• Buy: All six MAs slope upward and align, shade turns green, or an arrow appears
• Sell: All six MAs slope downward and align, shade turns red, or an arrow appears

Stop‑Loss & Take‑Profit Guidelines

• Stop‑Loss: Place below the slowest MA or recent swing low/high with ~10 pips buffer
• Take‑Profit: Use swing points, aim for 2:1 R/R, or trail using the slowest MA

Example Trade Setup

1. EUR/USD H1: All six MAs align upward and shade closes green → Buy opportunity.
2. Enter long at candle close, confirming the alignment.
3. Set Stop‑Loss slightly below the slowest MA (~10 pips).
4. Set Take‑Profit at next resistance or use trailing MA exit.

Download Now

Download the “6-moving-averages.mq4” indicator for Metatrader 4

6 Moving Averages + Wolfe Wave Forex Strategy for MT4

This strategy combines the trend-following precision of the 6 Moving Averages Forex Trend Indicator with the pattern-based reversal accuracy of the Wolfe Wave Forex Indicator.

It is designed to capture major trend reversals and trend continuations by aligning dynamic trend structure with powerful Wolfe Wave formations.

What is this Strategy About?

The 6 Moving Averages Indicator uses a group of six MAs with different periods and color-coded direction changes to define short-, medium-, and long-term trend bias.

It’s ideal for identifying the overall trend and filtering trades accordingly.

The Wolfe Wave Indicator, meanwhile, detects and plots potential Wolfe Wave patterns—price structures that often lead to sharp, predictable reversals when completed.

By waiting for a valid Wolfe Wave pattern to complete in the direction of the trend defined by the MA setup, this strategy aims to catch explosive moves with strong confluence.

Buy Setup Rules

• Ensure the 6 Moving Averages Indicator shows bullish alignment (most or all MAs are sloping upward and stacked correctly with faster MAs above slower ones).
• Wait for the Wolfe Wave Indicator to plot a completed bullish Wolfe Wave pattern.
• Enter a buy trade at the breakout above point 5 of the Wolfe Wave or near the trendline toward point 6.
• Stop Loss: Below point 5 of the Wolfe Wave or beneath the lowest recent swing.
• Take Profit: Target the projected Wolfe Wave target line or use a 1:2 to 1:3 risk-reward ratio.

Sell Setup Rules

• The 6 MAs should be aligned bearishly (all sloping down, with faster MAs below slower MAs).
• Wait for the Wolfe Wave Indicator to confirm a bearish Wolfe Wave setup.
• Enter a sell trade after the price breaks down from point 5 of the pattern.
• Stop Loss: Place just above point 5 or above the recent swing high.
• Take Profit: Aim for the Wolfe Wave target line or apply a fixed RR ratio such as 1:2.

Advantages of the Strategy

• Combines trend-following logic with pattern-based precision.
• Filters out weak Wolfe Wave patterns by trading only in the direction of the trend.
• Great risk-reward opportunities due to the structure of Wolfe Waves.
• Clear visual entries and exits for both beginners and experienced traders.

Drawbacks

• Requires patience—Wolfe Wave patterns are relatively rare but powerful.
• It may generate fewer signals during choppy or range-bound markets.
• Needs screen time or alerts to monitor pattern completion and confirmation.

Strategy Conclusion

The 6 MA + Wolfe Wave Strategy is an effective method for traders who want to combine trend strength with structured reversal setups.

This system brings together the best of trend-following and pattern recognition, offering high-quality trades with clear risk management and exit rules.

It’s particularly effective on H1 and H4 charts, but can also be adapted to M15 for intraday setups.

Be sure to backtest thoroughly before applying it in live conditions.

Back‑Test Insights, Pros & Cons

Back‑Test Results

• High accuracy in trending markets, especially during London & New York sessions

Pros

• Deep multi-layer confirmation reduces false breakouts
• Strong visual clarity with shading and arrows
• Highly customizable to any trading style

Cons

• Lagging during rapid reversals or spikes
• May give fewer signals—less suited for scalping
• No auto-exit—requires manual trade management

Indicator Specifications

Final Words

The 6 Moving Averages Forex Trend Indicator offers multi-layered trend visibility and enhanced signal confidence in a single package.

Ideal for trend traders looking for robust entry confirmation and clear visual cues.

Use it with solid SL/TP strategies and filters for the best results.