The 2 Moving Average Arrow Forex indicator for Metatrader 4 is a solid buy/sell signals tool that works with 2 moving averages.
After loading the 2 MA’s indicator on the chart, it pops up in the form of buy and sell arrows.
Every time the 2 moving averages cross, a buy or sell arrow will be plotted on the chart.
Free Download
Download the “2MA CrossoverWithPrice.ex4” indicator for MT4
Indicator Example Chart (GBP/USD H1)
How to trade with it?
Open a buy trade whenever the blue colored signal arrow pops up on the chart.
Open a sell trade whenever the pink colored signal arrow pops up on the chart.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your own favorite trading method to open and close trades with the 2 Moving Average Arrow indicator .
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: MA 1, MA 2, mode, alerts email, alerts mobile, color settings & style
Indicator type: Moving averages
Repaint? Does not repaint the colored Moving Averages signal lines.
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Download the “2MA CrossoverWithPrice.ex4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 2MA CrossoverWithPrice.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.