The Multi Moving Average indicator for MT4 is composed of 4 simple moving averages with the following periods, 13MA, 34MA, 55MA and 89MA.
Blue dots indicate a bullish trend.
Red dots indicate a bearish trend.
Trading Signals
BUY: Wait for all MA dots to turn blue color.
SELL: Wait for all MA dots to turn red color.
Download
Download the Multi Moving Average.mq4 indicator
EUR/USD Daily Chart Example
How to install the Multi Moving Average custom indicator in Metatrader 4?
- Download the Multi Moving Average.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.