FX Mah Reversals Indicator
Platform: MT4 Type: Reversal Last update: September 30, 2024The FX Mah Reversals Indicator for MT4 is a combination of two customized Moving Averages which crossover triggers a trade signal. Download this forex indicator for free.
The gauge is suitable for trend reversal, intraday, and day trading purposes.
Since its signals are based on a simple crossover, it can be successfully used by both beginners and advanced forex traders.
When it comes to performance, it works better when applied to H1 and H4 timeframe charts of your forex MT4 trading platform.
How to use fx mah reversals?
The FX Mah Reversals indicator consists just of two lines. Their align defines market trend direction.
Technical analysis with FX Mah Reversal is about detecting a crossover of these lines.
By default, the faster line is the red one and its period is 8. The another line is green one which period is 21.
Take a look at that example chart below:
Generally speaking, the 8 MA value turning greater than 21 MA signals for the bullish crossover of the market trend.
Conversely, 8 MA moving below the 21 MA level suggests the bearish crossover of the market trend.
Now, let’s move to detailed explanations and charts.
Long trade signal
- 8 MA crosses above 21 MA
- Bullish candle or price action pattern occurs
- Buy trade is now triggered
- Set stop loss a few pips below the most recent market low swing
- Take profit at the arrival of opposite signal or use your method of trade exit
Short trade signal
- 8 MA crosses below 21 MA
- Bearish candle or price action pattern occurs
- Sell trade is now triggered
- Set stop loss a few pips above the most recent market high swing
- Take profit at the arrival of opposite signal or use your method of trade exit
Settings
These are available settings. Feel free to adjust it, to fit your personal preferances.
