You can gain access to this folder by clicking the top menu options, which goes as follows:įile > Open Data Folder > MQL4 > Indicators (paste here). How to set up the Moving Average Strength indicator in MetaTrader (MT4)?ĭownload the Moving Average Strength.rar archive at the bottom of this post, unpack it, then copy and paste the Moving Average Strength.ex4 or Moving Average Strength.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Set stop loss a few pips above the most recent market high.The correction exhausted and indicator values turnes negative again.There was an correction and indicator values rised to overbought level.The market is clearly in downtrend (take a look from left to right).Moving Average Strength Indicator: Sell Signal Take profit after reaching satisfying risk to reward ratio.Set stop loss a few pips below the most recent market low.The correction exhausted and indicator values turnes positive again.There was an correction and indicator values fell to oversold level.The market is clearly in uptrend (take a look from left to right).Moving Average Strength Indicator: Buy Signal These are customizable inputs in the settings window: In other words, you should look for buy opportunities when the Moving Average Strength value is positive and spot for short opportunities whenever the value turns negative. Conversely, negative values indicate bearish momentum. When their value raises above the zero level, it means a bullish trend is considered. The signals provided by the Moving Average Strength Indicator are presented in the form of histogram bars. Anatomy of the Moving Average Strength Indicator Feel free to experiment with the settings and parameters to fit your personal preferences. The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The Moving Average Strength Indicator fits all kinds of timeframes and currency pairs. You should choose short period of MA if you prefer using it for scalping, and long period if you it to be suitable for trend-following and swing trading. The Moving Average Strength Indicator is a multifunctional forex trading gauge, based on the Moving Average, MACD, and Stochastic. Introduction to the Moving Average Strength Indicator
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