5 SMA Trend Forex Indicator

This great forex trend indicator is based on a simple moving average. In order to draw buy, sell and flat (weak trend) bars, it compares the current moving average value with its previous one.

For values > 1, an uptrend bar will be drawn (green).

For values < 1, an downtrend bar will be drawn (red).

Flat bars (orange) will be drawn if the moving average value didn’t exceed the tolerance level.

Trading Signals

Buy signal: Green bar

Sell signal: Red bar

Indicator Preferences

Currency pairs: all

Time frames: all

Trading sessions: all

Download

Download the 5SMAtrendstrength.mq4 indicator.

Configurable Indicator Options

Colors, sma period, tolerance level, method,…

EUR/USD H1 Chart Example

5SMA-forex-indicator

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