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Buy and Sell 5/20 Moving Average Forex Indicator

The buy and sell signals 5/20 Forex indicator for MT4 is based on a break above/below the 5 period MA and the 20 period MA.

It’s optimized to use with the 1 hour time frame.

Trading Signals

Strong buy: price breaks above the 20 MA and the 5 MA.
Strong sell: price breaks below the 20 MA and the 5 MA.
Avoid weak buy and weak sell signals.

Indicator Preferences

Currency pairs: any
Preferred Time frames: 1 hour time frame
Sessions: any

Download

Download the open_position_ma5.mq4 indicator.

Configurable Indicator Options

MA_fast, MA_slow_MA_shift_fast, MA_shift_slow

EUR/USD Hourly Chart Example

ma-buy-sell-metatrader4-indicator

How to install the Buy and Sell 5/20 Moving Average custom indicator in Metatrader 4?

  • Download the open_position_ma5.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.