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Home Forex MT4 Indicators iMACol Indicator

iMACol Indicator

iMACol is simple trend following indicator, that works great in trending market.  Basically it is moving average that changes color depending on buy / sell signal. I recommend using it on larger timeframes becouse usually they tend to show less noise. iMACol can be sucessfully traded as standalone indicator or very good addition to more complex systems. Trade rules for iMACol indicator are below.

BUY SIGNAL
Open long position on first closed candle after indicator changes color to blue.

SELL SIGNAL
Open short position on first closed candle after indicatorchanges color to red.

CLOSE SIGNAL
Close position on first closed candle after iMACol changes color to yellow.

iMACol indicator free download:

LINK

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