FX Mah Reversal Signal Metatrader 4 Forex Indicator
FX Mah is a simple, yet effective buy and sell forex trend reversal indicator that’s ready to use on any currency pair of your preference.
It’s composed of two signal lines, a green and red one.
The crossover of the two lines will signal a new trend.
- A buy trend occurs when the red line is aligned above the green line.
- A sell trend occurs when the green line is aligned above the red line.
Please note that the colors of both signal lines can be changed to any color of your preference.
The FX Mah reversal indicator can be used as a stand-alone or together with other indicators or price action methods.
For instance, you can easily combine with overbought and oversold technical oscillators.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The EUR/USD 1-Hour chart below displays the FX Mah Reversal Signal Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the FX Mah Reversal Signal MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Go long when the red signal line of the FX Mah Reversal Signal indicator crosses and closes above the green line.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Go short when the green signal line of the FX Mah Reversal Signal indicator crosses and closes below the red line.
Place a stop loss above resistance or use your own preferred SL method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (MA, MA 2, mode, applied price, var period) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: reversal signal
Copy and paste the fx-mah-reversals-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)