The Williams AD MA Forex indicator for Metatrader 4 is based on 4 linear weighted moving averages and provides trend signals with better accuracy.
The indicator pops up in a bottom window as 4 moving averages (gray, green, yellow and red) with different period settings.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Based on linear moving averages
- Trend indicator
- Beginner friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy/sell trend confirmation tool.
Free Download
Download the “Williams ad ma.mq4” MT4 indicator
Indicator Example Chart
The USD/CAD 15-minute chart below shows the Williams AD MA indicator in action.
Basic Trading Signals
BUY:
- Open a buy position as soon as the gray/red/yellow colored linear moving average turns back above the red colored linear moving average from below.
- Place stop loss below the previous swing low price.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell position as soon as the gray/red/yellow colored linear moving average turns back below the red colored linear moving average from above.
- Place stop loss above the previous swing high price.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download This Forex Indicator
Download the “Williams ad ma.mq4” MT4 indicator
Adjustable Parameters & Settings
Signal MA 1, Signal MA 2, Signal MA 3, Signal MA 4, AD style, AD size, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: oscillator
How to install the Williams AD MA Forex indicator in Metatrader 4?
- Copy and paste the Williams ad ma.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button