The 3 Moving Averages Fan indicator for Metatrader 4 is composed of the 5,21,55 MA’s.
It provides trend direction on the M1, M5, M15, M30, H1, H4, D1 and W1 forex charts.
Key Points
A blue arrow suggests an uptrend while a red arrow suggests an downtrend.
Green bullets indicate that the price trades above (for blue arrows)/below (for red arrows) the moving averages fan.
Trading Signals
Buy signal: wait for a blue arrow + green bullet
Sell signal: wait for a red arrow + green bullet
More accurate B/S signals: Wait until you see at least 5 blue arrows/5 red arrows for a strong trend.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: any
Download
Download the 3MAFan.mq4 indicator.
Configurable Indicator Options
Timeframe(s), MA, FanUp, FanDown, color
How to install the 3 Moving Averages Fan custom indicator in Metatrader 4?
- Download the 3MAFan.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.