The Tom Demark Moving Average indicator for Metatrader 5 is developed by Tom Demark and delivers stop and reverse trend trading signals.
The moving average appears in the price chart as a two-colored signal line: yellow and orange.
The Tom Demark Moving Average can be used as a standalone buy/sell trend trading tool.
How to trade with it?
- The yellow colored line generates a buy trade.
- The orange colored line generates a sell trade.
The following indicator inputs and parameters can be modified: trend period, SMA period, and line style.
It should work equally well across all time frames and trading instruments (Forex, Gold, Indices, Stocks, etc.).
Make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
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Tom_Demark_Moving_Average.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Tom Demark Moving Average indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Tom Demark Moving Average Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the green colored Tom Demark moving average is a buy trade signal.
- Initiate a long trade and place your stop loss below the most recent swing low level.
- Reverse the buy position when the orange colored Tom Demark moving average appears on the trading chart.
- You could also exit the buy trade for a fixed take profit target of your preference.
Sell Signal
- The appearance of the orange colored Tom Demark moving average is a sell trade signal.
- Initiate a short trade and place your stop loss above the most recent swing high level.
- Reverse the sell position when the yellow colored Tom Demark moving average appears on the trading chart.
- You could also exit the sell trade for a fixed take profit target of your preference.
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Tom_Demark_Moving_Average.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 Tom_Demark_Moving_Average.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