4 Moving Averages is a buy and sell Forex indicator for MT4 composed of 4 moving averages with default periods: 200, 114, 83 and 21.
The indicator paints buy and sell arrows based on the cross-over of the 4 moving averages . Green to buy and red to sell.
Buy signal: Green arrow. Open buy at the open of the next bar.
Sell signal: Red arrow. Open sell at the open of the next bar.
Tip: Always trade in the main direction of the trend. Avoid counter-trend trading signals.
Currency pairs: any
Preferred Time frames: 1 hour
Configurable Indicator Options
PeriodFA, Average_1, Average_2, Average_3, Average_4, PaintArrow, PaintProfit, Alert,…
How to install the 4 Moving Averages custom indicator in Metatrader 4?
- Download the FA.ex4 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.