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3 Moving Averages Fan Forex Indicator

    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 the 3MAFan.mq4 indicator.

    Configurable Indicator Options

    Timeframe(s), MA, FanUp, FanDown, color

    EUR/USD D1 Chart Example


    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.