The 5 SMA Forex trend indicator for Metatrader 4 is based on a simple moving average and delivers powerful trading signals.
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
How to install the 5 SMA Trend custom indicator in Metatrader 4?
- Download the 5SMAtrendstrength.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.