FanSimple8 Indicator MT4
Platform: MT4 Type: Trend Last update: April 27, 2026The FanSimple8 indicator for MT4 displays a set of moving averages which tells when buyers or sellers are stronger in the market.
Example chart:
How to use the FanSimple8 Indicator for MetaTrader 4?
The FanSimple8 uses several moving average lines (5, 21, 55, and 233) and places them directly on chart. Their position reveal market trend.
Switch the setting “DisplayFanStatus” to true, in order to activate a small dashboard showing directions for various timerames.
Trading suggestions
When the blue lines stay above the yellow line, the market is likely moving up. In this case, traders usually look for buying opportunities.
When the blue lines are below the yellow line, the market is likely moving down. That’s when traders look for selling opportunities.
One can read it also the other way around. If the yellow line moves above the blue lines, it often signals a downward trend. If it moves below them, it suggests upward momentum.
