Super Moving Average Trend Metatrader 4 Forex Indicator
The super Moving Average trend forex indicator delivers powerful buy/sell trading signals based on 4 different types of moving averages.
It’s a versatile forex indicator with a lot of different options.
You can choose from the simple moving average, exponential moving average, smoothed moving average and linear weighted moving average.
The colored signal line alternates between green and red.
- A green moving average signal line represents a buy signal.
- A red moving average signal line represents a sell signal.
The indicator works on any time frame for any trade style (scalping, day trading and swing trading).
Tip: In order to reduce false buy/sell signals, change its default “average period” to a higher value.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The EUR/USD H1 chart below displays the Super Moving Average Trend Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Super Moving Average Trend MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when the Super Moving Average Trend change its signal line color from red to green.
Place a stop loss below short-term support or use your own preferred SL method.
Sell Signal: Open a sell trade when the Super Moving Average Trend change its signal line color from green to red.
Place a stop loss above short-term resistance or use your own preferred SL method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (time frame to use, average period, average price, average method, moving average type, alerts) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: trend signals
Copy and paste the Super smoothed average trend 1.2.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)