Buy and Sell 5/20 Moving Average Forex Indicator

A buy and sell signal forex indicator based on a break above/below the 5 period MA and the 20 period MA. Optimized to use it 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