About the Carter MA Forex Indicator
The Carter MA Forex Indicator for MT4 is a multi-purpose moving average tool that visually displays dynamic market trends with color-changing lines.
It consists of a red, blue, green, and brown moving average.
It automatically shifts between bullish and bearish colors based on price direction, helping traders spot trend reversals and continuation patterns faster.
Whether you’re a scalper, day trader, or swing trader, Carter MA simplifies your decision-making process.
Key Points
- The trend is strongly bullish when the price trades above all 4 moving averages.
- The trend is strongly bearish when the price trades below all 4 moving averages.
The indicator can be mixed together with your favorite trading strategy for improved performance or can be deployed as an additional trend filter.
Tip: Use this indicator on the M1, M5, and M15 charts for scalping purposes.
Key Features
- Color-shifting moving average (bullish/bearish)
- Works across all timeframes and pairs
- Helps define trend direction at a glance
- Simple to understand and use
- No repainting on closed candles
Free Download
Download the “carter-ma-indicator.mq4” indicator for MT4
Benefits
- Identifies uptrend and downtrend phases
- Reduces false signals in choppy markets
- Ideal base for building your trend-trading system
- Low CPU usage, light on charts
Indicator Example Chart (EUR/USD Daily)
The example chart below displays the Carter MA MT4 indicator in action on the trading chart.
How to Use Carter MA
Buy Signal
- Price is above all 4 Carter moving averages
- Enter long after the candle closes above the MA
Sell Signal
- Price is below all 4 Carter moving averages
- Enter short after the candle closes below the MA
Stop Loss & Take Profit
- SL: Recent swing high/low or 10–20 pips buffer
- TP: 1.5–2x SL or use trailing stop
Pros
- Great for trend-based strategies
- Easy visual confirmation
- Responsive to recent price action
Cons
- Not suitable for ranging markets without confirmation
- Works best when combined with a momentum filter
Download Now
Download the “carter-ma-indicator.mq4” indicator for Metatrader 4
Carter MA + MACD Crossover Signal Metatrader 4 Strategy
This powerful combination pairs the Carter MA trend indicator with the MACD Crossover Signal Indicator to confirm trend strength and time entries more precisely.
Carter MA identifies the trend direction, while the MACD crossover confirms momentum alignment before entering a trade.
Buy Rules
- Price closes above the 4 Carter MA
- The MACD Crossover Signal indicator displays a green bullish arrow
- Enter long on the next candle
Sell Rules
- Price closes below the 4 Carter MA
- The MACD Crossover Signal indicator shows a red bearish arrow
- Enter short on the next candle
Stop Loss & Take Profit
- SL: 10–15 pips below/above signal candle
- TP: 2x SL or exit when an opposite MACD crossover signal occurs
Case Study 1: GBP/USD M30
- Trades: 35
- Win Rate: 71%
- Average Gain: 22 pips
- Average Loss: 14 pips
- Total Net: +440 pips in 2.5 weeks
Case Study 2: EUR/JPY H1
- Trades: 20
- Win Rate: 65%
- Net Gain: +368 pips in 2 weeks
Advantages of this Combo
- Clear trend direction + MACD confirmation = fewer false entries
- Easy to use, even for beginners
- Works across most major forex pairs
Drawbacks
- Delayed entries in fast markets due to the MACD lag
- Can underperform in sideways zones—wait for strong alignment
Pro Tips
- Use on M15 to H1 timeframes for best signal clarity
- Avoid trading during major economic news
- Backtest on your preferred pair before going live
Indicator Specifications
| Indicator | Carter MA |
|---|---|
| Platform | MetaTrader 4 |
| Timeframes | All (M5–H4 recommended) |
| Inputs | MA period, color settings |
FAQ
Does Carter MA repaint?
No, the line color only changes after a candle closes.
Is this system beginner-friendly?
Yes. The visual color changes + MACD signals make it very intuitive.
Can I use it on gold or indices?
Yes, works on XAUUSD and indices like US30 with adjusted risk settings.
Conclusion
The Carter MA Indicator offers a fast and intuitive way to read trend direction.
When combined with the MACD Crossover Signal, traders gain a reliable, dual-confirmation system that works in all trending markets.
Try this setup on your favorite pair and start identifying high-probability entries with more confidence.
