MA Cross Histogram is a free mt4 (Metatrader 4) indicator that provides high-probability trend direction for any pair and time frame.
The indicator oscillates above (bullish) and below (bearish) the 0.00 neutral level in a separate MT4 chart window.
Buy & Sell Trade Example
- Initiate a buy trade as soon as the yellow line crosses back above the 0.00 level.
- Initiate a sell trade as soon as the yellow line crosses back below the 0.00 level.
- Reverse the open trade whenever an opposite signal arrow appears on the chart.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
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 cross.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the MA Cross Histogram mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MA Cross Histogram Forex 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: Oscillator
Does the indicator repaint? No.
