A buy and sell forex indicator composed of 4 moving averages with default periods: 200, 114, 83 and 21. The indicator paints buy and sell arrows based on the cross-over of the 4 moving averages . Green to buy and red to sell.
Buy signal: Green arrow. Open buy at the open of the next bar.
Sell signal: Red arrow. Open sell at the open of the next bar.
Tip: Always trade in the main direction of the trend. Avoid counter-trend trading signals.
Currency pairs: any
Preferred Time frames: 1 hour
Configurable Indicator Options
PeriodFA, Average_1, Average_2, Average_3, Average_4, PaintArrow, PaintProfit, Alert,…
EUR/USD 1H Chart Example
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Source : ForexLeaks.info