The Weighted Moving Average Cross Forex indicator for Metatrader 4 is a classic trading system that consists of two weighted moving averages.
After loading the indicator to the chart, it pops up in the form of a blue and red colored line.
Every time the 2 weighted moving averages cross each other, it creates a buy or sell signal.
Key Features of the Weighted Moving Average Cross Indicator
- Customizable MA Periods: Easily adjust fast and slow WMA periods to suit your trading strategy or timeframe.
- Clear Trend Signals: Helps identify the beginning of new trends and possible reversal zones with high accuracy.
- Works on All Timeframes: Suitable for scalping, intraday, and swing trading across M1 to Daily charts.
Free Download
Download the “Weighted cross.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it?
A new buy signal is given as soon as the red line crosses the blue line bottom-up.
A new sell signal is given as soon as the red line crosses the blue line top-down.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your favorite trading method when trading with the Weighted Moving Average Cross indicator.
Weighted MA Cross + ZWinner Trend Strategy
This strategy is designed for trend-following traders who want both early entries and high-confidence confirmation.
It combines the crossover signals from the Weighted Moving Average Cross Indicator with the real-time trend detection of the ZWinner Trend Indicator.
How the Strategy Works
- WMA Cross Indicator highlights bullish and bearish moving average crossovers, which often mark the start of a trend.
- ZWinner Trend Indicator adds confirmation by filtering out noise and highlighting clean, sustained trend moves.
Best Timeframes and Pairs
- Timeframes: M15, M30, H1
- Pairs: EUR/USD, GBP/JPY, AUD/USD, USD/CHF
Buy Entry Rules
- Wait for the WMA Cross Indicator to give a bullish crossover (fast MA crossing above slow MA).
- Confirm the trend is up with a green trend signal from the ZWinner Trend Indicator.
- Enter a buy position at the close of the candle where both indicators agree.
- Set stop loss below the last swing low or below the slow MA line.
- Set take profit at 2x the stop loss or when ZWinner gives a trend reversal signal.
Sell Entry Rules
- Wait for a bearish crossover on the WMA Cross Indicator (fast MA crosses below slow MA).
- Confirm the downtrend with a red trend signal from the ZWinner Trend Indicator.
- Enter a sell trade once both indicators confirm direction.
- Set stop loss above the recent high or above the slow MA.
- Take profit at a 2:1 reward-to-risk ratio or exit on opposite ZWinner signal.
Strategy Tips
- For extra confirmation, add a volume or volatility filter (like ATR or a volume histogram).
- Avoid trading during low-volume hours to reduce false signals.
- Backtest the settings on different pairs to fine-tune crossover sensitivity.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast period, slow period, color settings & style
Indicator type: Moving averages
Repaint? Does not repaint the weighted moving averages lines.
Download Now
Download the “Weighted cross.mq4” indicator for Metatrader 4
Installation:
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 Weighted cross.mq4 indicator in the Indicators folder.
Finally, restart the MT4 platform and attach the indicator to any chart.
