Introduction to the MA Crossover Histogram Indicator
The MA Crossover Histogram Indicator is, as the name suggests, an histogram indicator based on Moving Average crossover. Signals provided by that gauge are simple. Blue histogram bars refelct bullish crossover, while red histogram bars indicate bearish crossover. We suggest using it as trend direction filter.
The MA Crossover Histogram Indicator fits all kinds of timeframes and currency pairs. It is displayed in a seperate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the MA Crossover Histogram indicator in MetaTrader (MT4)?
Download the MA Crossover Histogram.rar archive at the bottom of this post, unpack it, then copy and paste the MA Crossover Histogram.ex4 or MA Crossover Histogram.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 MA Crossover Histogram indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 MA Crossover Histogram Indicator
To download the MA Crossover Histogram Indicator for Metatrader 4 (MT4) for free just click the button below: