The SMA Crossover Signals indicator for MT4 is a trend following indicator based on the crossover of two simple moving averages.
The indicator draws buy and sell arrows on the MT4 main chart when the fast SMA crosses the slow SMA from below or above.
You can fully modify FastSMA and SlowSMA input values.
BUY: Green arrow appears on the chart. Enter long at the open of the next bar.
SELL: Red arrow appears on the chart. Enter short at the open of the next bar.
EUR/JPY Weekly Chart Example
How to install the SMA Crossover Signals custom indicator in Metatrader 4?
- Download the SMA Crossover Signals.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.