SMA Crossover Signal FX Indicator (MT4)

The SMA Crossover Signal FX indicator for Metatrader 4 consists of 2 simple moving averages and generates buy & sell signals on the chart.

The indicator appears in the main MT4 chart window as simple to use signal arrows.

Trade logic:

  • A buy signal occurs when the shorter-term moving averages crosses above the longer-term moving average.
  • A sell signal occurs when the shorter-term moving averages crosses below the longer-term moving average.

The indicator can be used in various ways. I will present you an example below:

Buy & sell signal:

  • A blue arrow is a buy signal.
  • A red arrow is a sell signal.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “SMA CrossOver.mq4” indicator for MT4

Indicator Example Chart (EUR/USD H1)

The picture below shows the SMA Crossover Signal FX 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 when trading with the SMA Crossover Signal FX 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: SMA

Does the indicator repaint? No.

Download Now:

Download the “SMA CrossOver.mq4” indicator for Metatrader 4

How to install this indicator on Metatrader 4?

Open the Metatrader 4 platform

From the top menu, click on “File”

Then click on “Open Data Folder”

Then double click with your mouse button on “MQL4”

Now double click on “Indicators”

Paste the SMA CrossOver.mq4 indicator in the Indicators folder.

Finally restart the MT4 platform and attach the indicator to any chart.

How to remove the indicator?

Click with your right mouse button in the chart with the indicator attached onto it.

Select “Indicator List” from the drop down menu.

Select the indicator and press delete.

How to edit the indicator’s inputs and parameters?

Right click with your mouse button in the chart with the indicator attached onto it.

From the drop down menu, click on indicators list.

Select the indicator from the list and press edit.

Now you can edit the indicator.

Finally, press the OK button to save the updated configuration.