4 MA Strength Indicator
MT4Also Available for MT5Forex BUY SELL signals from the best 4-MA Strength Indicator. Uses 4 MAs for trend direction. Accurate trend indicator.
Description
The 4-MA Strength Indicator is a simple MT4 indicator that uses four MAs to tell the direction of the trend. The indicator doesn’t plot MA signal lines; rather, it uses their periods.
The indicator shows red and green bars in the side window to tell the direction of the trend. The red bars mark a bearish trend, while the green bars mention a bullish trend. The bars form a histogram at the bottom of the chart.
The Indicator works best on longer timeframes, as it is prone to produce false signals on shorter timeframes.
4-MA Strength Indicator BUY/SELL signals
The above GBP/USD H4 chart shows BUY and SELL signals with the indicator. The 4-MA Strength Indicator indicates the bearish and bullish trend by plotting bars below the chart.
It is a bearish trend whenever the red bars appear, and traders can go short. On the other hand, when the green bars pop up, it’s a bullish sign, and traders can go long. One can also use the indicator for spotting market reversals. Traders can exit their long or short positions whenever the indicator changes its color.
Indicator can show false signals, so it’s better to apply the indicator with others like Moving Average or the RSI.
Conclusion
The 4-MA Strength Indicator for MT4 plots bullish and bearish bars to tell the direction of the trend. In addition, the Indicator is free to download, making it easily accessible for all forex traders.
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