The Weighted Moving Average Cross Forex indicator for Metatrader 4 is a classic trading system that consists of two weighted moving averages.
After loading the indicator to the chart, it pops up in the form of a blue and red colored line.
Every time the 2 weighted moving averages cross each other, it creates a buy or sell signal.
Free Download
Download the “Weighted cross.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it?
A new buy signal is given as soon as the red line crosses the blue line bottom-up.
A new sell signal is given as soon as the red line crosses the blue line top-down.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your own favorite trading method when trading with the Weighted Moving Average Cross 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: Fast period, slow period, color settings & style
Indicator type: Moving averages
Repaint? Does not repaint the weighted moving averages lines.
Download Now
Download the “Weighted cross.mq4” 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 Weighted cross.mq4 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.