The MA Angle indicator provides buy and sell signals based on the angle of a moving average.
Let’s take a look how it works.
How To Interpret This Forex Indicator
Rising moving average indicates medium to strong up trend = MA Angle green bar.
Falling moving average indicates medium to strong down trend = MA Angle brown bar.
Flat moving average indicates a trend less market = MA Angle yellow bar.
Trading Signals
BUY: Wait for the first green bar.
SELL: Wait for the first brown bar.
Download
Download the MAAngle.mq4 Metatrader 4 indicator.
Configurable Indicator Options
MA Period, Angle Treshold, StartMAShift
EUR/USD 4 Hour Chart Example
How to install the MA Angle custom indicator in Metatrader 4?
- Download the MAAngle.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.