Forex WF Multi MA MT4 Indicator

Forex WF Multi MA MT4 Indicator:

About the Forex WF Multi MA MT4 Indicator

This is a great indicator that uses 20 moving averages at once. It shows the trend direction and possible reversals.

Lime : Uptrend. Long trading
Maroon : Reentry or downtrend reversal
Red : Downtrend. Short trading
Green : Short Reentry or uptrend reversal

It can be used on any time frame. To best determine the trend use it also on higher timeframes.

You can adjust the type of moving average used, the length of calculations and the settings where to catch the trend reversals.

Test results:

Forex WF Multi MA 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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