Forex MA 4H Indicator is an amazing trend based indicator which is very simple to look at and very easy to use. This indicator is best used for intraday and longer term trade setups. Its correction level of detecting trends and the simplicity of signal reading have attracted the traders most.

Forex MA 4H Indicator uses a set of two different patterns of MAs which are known as Slow and Fast MAs. These tools react very sensitively with different level of price actions. It tells you about the trend condition with the strength of the momentum. So, you can determine both entry and exit with this single indicator.

You’ll be able to use it for any Forex currency pair and it is best to apply it on H1 to any longer timeframe chart.

Synopsis:

Once you install and apply it successfully in your mt4 trading system, you’ll find Forex MA 4H Indicator as in the following image:

Forex MA 4H Indicator Overview:

• Fast MA: It appears as the Red color line across the chart. This tool studies shorter period of price action data and reacts faster than the Slow MA. Price above Fast MA expresses current momentum as bullish and below Fast MA as bearish.
• Slow MA: This tool is interpreted as like as Fast MA though, it counts longer period of price action data and produces less signals compare to the Fast MA. Slow MA signals the trend in a long-term view.

Generally Accepted Use:

Buy Conditions:

• Fast MA is above the Slow MA
• Buy triggers when price crosses above of both MAs
• Stop loss below the respective bar’s low
• Take profit when Fast MA moves below the Slow MA

Sell Conditions:

• Fast MA is below the Slow MA
• Sell triggers when price crosses below of both MAs
• Stop loss above the respective bar’s high
• Take profit when Fast MA moves above the Slow MA

Download Free Forex Mah Reversals Indicator

Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below:

Open Forex Account

Open Forex Account

The post Forex Mah Reversals Indicator appeared first on Forexobroker.