The MA Channels indicator for mt4 (Metatrader 4) draws a trend channel around the candlesticks that’s based on multiple moving averages.
The indicator gets displayed in the main MT4 chart window and consists of the 4 upper channel lines and 4 lower channel lines.
Buy & Sell Trade Example
- Open a buy trade when the candlestick touches one of the lower channel lines and the MA channels indicator is sloping up.
- Open a sell trade when the candlestick touches one of the upper channel lines and the MA channels indicator is sloping down.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Ma channels.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the MA Channels mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the MA Channels 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: MA channel
Does the indicator repaint? No.
