2 Moving Average Arrow Forex Indicator (MT4)

About the 2 Moving Average Arrow Forex Indicator

The 2 Moving Average Arrow Forex Indicator for MT4 combines two moving averages with visual arrow cues to signal trend changes and entry points.

It helps traders quickly identify momentum shifts and act confidently in any market condition.

Key Features

• Dual MA system: Fast and slow MAs crossover detection
• Visual arrow signals: Green arrows for bullish, red arrows for bearish crossovers
• Customizable: Periods, MA types (SMA, EMA), colors, alerts
• Multi-timeframe compatibility: Works from M1 to D1
• Non-repainting design: Signals remain fixed once generated

How It Works

1. Crossover detection: When fast MA crosses slow MA, an arrow is plotted
2. Signal display: Green arrow for buy, red arrow for sell
3. Alert triggers: Optional pop-up, email, or push notifications

Free Download

Download the “2MA CrossoverWithPrice.ex4” indicator for MT4

Benefits of Using This Indicator

• Instant identification of trend turns
• Reduces analysis time with clear visual cues
• Suitable across all currency pairs, CFDs, and timeframes
• Lightweight and tidy chart display
• Supports disciplined trading with defined entry signals

Trading Chart

Below is an example of the 2 Moving Average Arrow Forex Indicator applied to a GBP/USD H1 chart, illustrating clear entry signals on trend changes.

How to Trade Forex Using This Indicator

Trading Signals

• Buy: Blue arrow appears after fast MA crosses above slow MA
• Sell: Purple arrow appears after fast MA crosses below slow MA

Stop‑Loss & Take‑Profit Setup

• Stop‑Loss: Place just below the recent swing low (for Buys) or above the swing high (for Sells), typically 3–5 pips from entry
• Take‑Profit: Aim for previous swing levels, or use a 2:1 reward-to-risk ratio; trailing stop optional

Example Trade

1. USD/JPY H1: Fast MA crosses above slow MA, green arrow appears → trigger Buy
2. Enter at candle close of crossover
3. Set Stop‑Loss just below slow MA (~X pips)
4. Target Take‑Profit at previous swing high or 2:1 R/R

Download Now

Download the “2MA CrossoverWithPrice.ex4” indicator for Metatrader 4

2 MA Arrow + RSI Triple Stochastic Divergence MT4 Forex Strategy

This strategy combines the trend-following simplicity of the 2 Moving Average Arrow Forex Indicator with the precision of the RSI Triple Stochastic Divergence Indicator.

By blending clear arrow-based signals with advanced momentum divergence detection, traders can improve timing and reduce false entries in both trending and turning markets.

What is this Strategy About?

The 2 MA Arrow Indicator generates buy and sell arrows based on a fast and slow moving average crossover.

This helps traders identify the direction of the trend quickly and visually.

However, MA crossovers often lag. To sharpen the entries, the RSI Triple Stochastic Divergence Indicator is used to detect early reversal signals and hidden strength or weakness in the market.

Using both indicators together, we look to enter when a 2 MA Arrow signal aligns with a confirmed divergence pattern.

This provides trend-following entries with leading confirmation from momentum divergence, increasing the probability of success.

Buy Setup Rules

• Wait for a blue upward arrow from the 2 Moving Average Arrow Indicator.
• Confirm a bullish divergence on the RSI Triple Stochastic Divergence Indicator.
• Enter a buy trade at the close of the candle where both conditions align.
• Stop Loss: Place below the recent swing low or below the divergence signal.
• Take Profit: Use a 1:2 or 1:3 risk-reward ratio or aim for the next resistance level.

Sell Setup Rules

• Wait for a purple downward arrow from the 2 MA Arrow Indicator.
• Confirm a bearish divergence from the RSI Triple Stochastic Divergence Indicator.
• Enter a sell trade after the signal candle closes.
• Stop Loss: Place above the recent swing high.
• Take Profit: Use a fixed RR ratio (1:2 or 1:3) or target the next support area.

Advantages of the Strategy

• Combines easy-to-read arrow signals with professional divergence analysis.
• Provides both trend-following and counter-trend trade opportunities.
• Visual and beginner-friendly, yet powerful for experienced traders.
• Works on multiple timeframes, especially M15, M30, and H1.

Drawbacks

• Arrows may repaint if the crossover changes before the candle closes.
• Divergence signals may be delayed or require some discretion to interpret.
• Fewer setups are needed due to the need for dual confirmation.

Strategy Conclusion

The 2 MA Arrow + RSI Triple Stochastic Divergence Strategy is an excellent setup for traders who want the simplicity of visual arrow signals, but with the added confirmation of divergence-based momentum analysis.

By waiting for both a crossover and divergence to occur together, this system helps reduce false trades and increases the chance of capturing meaningful moves.

Back‑Test Insights, Pros & Cons

Back‑Test Results

• Best performance in clear trending sessions (London & New York)
• Win rate around 65–82% with disciplined risk control

Pros

• Clear, easy-to-follow signals
• Non-repainting ensures signal trustworthiness
• Customizable across assets and timeframes

Cons

• Vulnerable to false signals in choppy markets
• Better results with trend filter or volume confirmation
• Entry signals only—no automatic exit logic

Indicator Specifications

Final Words

The 2 Moving Average Arrow Forex Indicator is a straightforward and effective MT4 tool for spotting trend changes with visual clarity.

Pair it with trend filters or volume-based confirmation and apply solid risk management.

Its custom alerts and clear signals make it an excellent addition to any trader’s toolkit.