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5 SMA Trend Forex Indicator

    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 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.