Forex MA Cross Arrows MT4 Indicator

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.

Parameters:

MAPeriodForLine (set to 50; change to your preference).

MAPeriodForArrow (20 recommended; change to your preference).

Alerts.

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.

Test results:

Forex MA Cross Arrows MT4 Indicator

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)

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