The Tim Morris MA indicator for Metatrader 5 is an advanced buy & sell signals moving average that has a built-in market noise filter.
The market noise filter reduces bad signals by an amazing 60%.
The indicator is displayed in the price chart as an alternating-colored moving average signal line.
How to trade FX with the Tim Morris MA indicator?
- The green colored Tim Morris MA line represents an uptrend.
- The violet colored Tim Morris MA represents a downtrend.
The following indicator inputs and parameters can be modified: smoothing percent, period, noise in pips, and price.
Tip: The London and New York trading sessions will deliver the best trading results for scalpers and day traders using the Tim Morris MA.
It works for Forex, Stocks, Indices, Gold, Bitcoin, etc.
Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
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Tim Morris MA.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Tim Morris MA indicator looks when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Tim Morris Moving Average?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green colored Tim Morris moving average shows up in the price chart.
- Initiate a long trade and set a protective stop loss below medium-term support.
- Exit the buy trade for a risk/reward ratio of at least 1 or wait for the violet colored moving average.
Sell Signal
- A sell signal occurs when the violet colored Tim Morris moving average shows up in the price chart.
- Initiate a short trade and set a protective stop loss above medium-term resistance.
- Exit the sell trade for a risk/reward ratio of at least 1 or wait for the green colored moving average.
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Tim Morris MA.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Tim Morris MA.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration