The 4 MA Strength Indicator MT4 (MetaTrader 4) generates buy and sell trading signals using, as its name implies, a set of four moving averages. This indicator examines the price chart to determine both the direction and potency of the prevailing trend. Once applied to the chart, it showcases a histogram of colored trend bars. This forex MT4 indicator is available for free download.
4 MA Strength Indicator MT4: Introduction
MT4 Indicator Overview
The download link of the 4 MA Strength MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.
The default periods for the moving averages employed by this forex indicator are as follows: 8, 24, 72, and 216. As previously stated, it conveys its signals through a colored histogram positioned beneath the primary activity chart.
A straightforward understanding of these signals can be outlined as follows:
- A green histogram on the 4 MA chart signifies a buying trend.
- Conversely, a pink histogram on the 4 MA chart signifies a selling trend.
A bearish trend is indicated by the emergence of pink bars, prompting traders to consider short positions. Conversely, the appearance of green bars signifies a bullish indication, encouraging traders to contemplate long positions. This indicator can also serve the purpose of identifying potential market reversals. Traders have the option to exit their existing long or short positions whenever the indicator undergoes a color change.
Due to the possibility of false signals, it’s advisable to combine this indicator with others, such as Moving Averages or the RSI, for more reliable insights.
MT4 Indicators: Download and Installation Instructions
Download the 4 MA Strength Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the 4-ma-strength.ex4 or 4-ma-strength.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Free Download Forex 4 MA Strength MT4 Indicator
To download the 4 MA Strength Indicator for Metatrader 4 (MT4) for free just click the button below: