The Four MA Strength (4 MA’s) indicator for Metatrader 5 is a 4 moving averages trading system that delivers trend signals to currency traders.
The 4 MA’s strength signals appear in a sub-chart window as green and magenta colored no-repaint trend histogram bars.
The indicator is popular among Forex traders and newbie-friendly.
How to spot the trend with the 4 MA’s strength indicator?
- Green colored histogram bars represent a bullish market trend.
- Magenta colored histogram bars represent a bearish market trend.
The following indicator inputs and parameters can be customized: MA 1 period and method, MA 2 period and method, MA 3 period and method, MA 4 period and method, applied price, style, and colors.
The Four MA Strength indicator works equally well for any trading instrument that can be traded in the Metatrader 5 platform.
4 MA’s strength can be a very helpful and profitable trading tool for scalpers, day traders, and swing traders.
Please make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames and Forex pairs.
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Four_MA_Strength.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Four MA Strength indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Four MA Strength Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the first green colored histogram bar above 0 is a buy signal.
- Initiate a buy order and place your protective stop below the most recent support region.
- Close the buy trade for a potential risk to reward ratio of 1.5 or higher.
Sell Signal
- The appearance of the first magenta colored histogram bar below 0 is a sell signal.
- Initiate a sell order and place your protective stop above the most recent resistance region.
- Close the sell trade for a potential risk to reward ratio of 1.5 or higher.
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Four_MA_Strength.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the MA Cross Four_MA_Strength.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration