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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 the open_position_ma5.mq4 indicator.

    Configurable Indicator Options

    MA_fast, MA_slow_MA_shift_fast, MA_shift_slow

    EUR/USD Hourly Chart Example


    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.