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4 Moving Averages Forex Signals Indicator

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.

Trading Signals

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.

Indicator Preferences

Currency pairs: any

Preferred Time frames: 1 hour

Sessions: any

Download

Download the FA.ex4 indicator.

Configurable Indicator Options

PeriodFA, Average_1,¬†Average_2,¬†Average_3,¬†Average_4, PaintArrow, PaintProfit, Alert,…

EUR/USD 1H Chart Example

4-moving-averages-forex-indicator

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.