The KG Fibonacci MA Indicator MT4 is a combination of the Moving Average and the Fibonacci sequence, which is believed to predict market movements. In fact, it plots a set of Moving Averages. What’s more, it provides a dashboard in the upper right corner of a chart showing trend directions for each timeframe. Sounds interesting? Let’s take a closer look at it.
Introducing the KG Fibonacci MA Indicator
MT4 Indicator Overview
The download link of the KG Fibonacci MA 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.
Traders often rely on various technical indicators to anticipate the next market move. One of these indicators is the Fibonacci MA Indicator, which is designed to provide traders with both buy and sell signals. This particular indicator is based on the Fibonacci sequence and utilizes moving averages to generate its signals. Additionally, the chart displays the probability of the currency pairs continuing to follow a certain direction based on different time frames (ranging from M15 up to MN), located in the upper right corner.
These are available settings to customize. As you can see, mostly related to the colors of MAs.
How to set up that MT4 indicator in your trading platform?
Download the kg-fibonacci-ma-indicator-mt4.rar archive at the bottom of this post, unpack it, then copy and paste the kg-fibonacci-ma.ex4 or kg-fibonacci-ma.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.
The MT4 KG Fibonacci MA indicator is a valuable tool for traders interested in predicting future price movements and making statistical predictions. This indicator is based on a set of moving averages, and it is important for traders to pay attention to the alignment of these averages. When the indicator generates a buy signal, it indicates that the pair is in an uptrend and may continue to move higher. Conversely, when the Fibonacci MA indicator generates a sell signal, it suggests that the pair is in a downtrend and may continue to move lower. Overall, this gauge can be a useful aid for traders seeking to make informed trading decisions.
Download Free Forex KG Fibonacci MA MT4 Indicator
To download the KG Fibonacci MA Indicator for Metatrader 4 (MT4) for free just click the button below: