MA Forex Signals Histogram Metatrader4 Indicator
The MA Forex Signals Histogram indicator for MT4 belongs to the category of Moving Averages indicators and delivers trend-following signals that work for any currency pair.
The indicator does a great job in finding the best trends across all pairs.
After loading the indicator onto the chart, the MA Forex Signals indicator pops up in the form of a colored histogram that’s based on a Moving Average with smoothing MA method.
Buy and sell signals are very easy to follow and works well for any trade style.
It’s recommended to use this indicator during the London and U.S. trading sessions only when trading the M1 and M5 charts.
For scalping, the indicator tends to work the best in volatile markets.
- The trend is considered bullish when the blue histogram appears on the chart.
- The trend is considered bearish when the red histogram appears on the chart.
- The indicator can be deployed as a standalone trading system or strategy.
- Works for any trade style (scalping, day trading, swing trading).
Indicator Example Chart
The EUR/USD H1 chart below displays the MA Forex Signals Histogram Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the MA Forex Signals Histogram MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a buy trade when the first blue histogram bar appears on the chart. The trend is now bullish and price is expected to go up.
Place a stop loss 2-3 pips below the previous swing low or apply your own stop loss method.
Apply your own take profit method for buy trades or wait until you receive a sell signal.
Sell Signal: Initiate a sell trade when the first red histogram bar appears on the chart. The trend is now bearish and price is expected to go down.
Place a stop loss 2-3 pips above the previous swing high or apply your own stop loss method.
Apply your own take profit method for sell trades or wait until you receive a buy signal.
Download This Forex Indicator
Adjustable Parameters & Settings
MA period, MA method, MA applied to, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Recommended Currency pairs: Any + Gold
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Moving Average
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.