The Moving Average Strength MT4 forex indicator is a multifunctional buy/sell indicator composed of a moving average, MACD and stochastic.
You need to select from the indicator’s input tab which technical indicator you would like to activate, either the moving average, MACD or Stochastic.
For best signals, use together with a longer period moving average or any other trend following indicator.
Free Download
Download the “moving-average-strength.mq4” MT4 indicator
Example Chart
The GBP/USD H1 chart below displays the Moving Average Strength forex indicator in action.
Basic Trading Signals
Signals from the Moving Average Strength forex indicator are easy to interpret and goes as follows:
First you need to select one of the available technical studies directly for the indicator’s input menu.
Stochastic Signals:
Buy Signal: Open a long trade position when the stochastic indicator displays green bars.
Sell Signal: Open a short trade position when the stochastic indicator displays red bars.
MACD Signals:
Buy Signal: Open a long trade position when the MACD indicator displays green bars.
Sell Signal: Open a short trade position when the MACD indicator displays red bars.
Moving Average Signals:
Buy Signal: Open a long trade position when the Moving Average indicator displays green bars.
Sell Signal: Open a short trade position when the Moving Average indicator displays red bars.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
Download
Download the “moving-average-strength.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (MA_Power, MACD_Power, Stochastic_Power, MA_Fast, MA_Slow, MACD_Fast, MACD_Slow, MACD_Signal, Sto_K, Sto_D) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Oscillator Signals
Installation
Copy and paste the moving-average-strength.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)