Forex MA Cross Arrows MT4 Indicator:
About the Forex MA Cross Arrows MT4 Indicator
This indicator gives you Arrows on crossings of the Moving Average above/below the price.
It also gives you an MA line that can be set separately.
Can be used on all time frames and pairs.
MAPeriodForLine (set to 50; change to your preference).
MAPeriodForArrow (20 recommended; change to your preference).
How to use:
Simply attach to any chart.
Default settings recommended but can be changed.
You can set the MA line to a higher period than the Arrows for more effective trading.
Use as you see fit for your strategy.
Blue Arrow and Blue MA line crosses below price – Buy.
Red Arrow and Red MA line crosses above price – Sell.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator on its own, but combine it into your strategy.
Always test your strategy on a demo account before using a new indicator on a live account.
You use this indicator at your own risk. Please apply money management wisely.
Don’t risk money you cannot afford to lose.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)