Moving Average Trend MTF Indicator MT4 | Free Download

Moving Average Trend MTF Indicator MT4
Free download below…

This Moving Average Trend MTF Indicator gives you a good idea of the direction you should be trading.   If the price that is below the 200 Moving Average is considered down trend and only sell positions should be considered.If the price is above the 200 Moving Average, then only consider long positions.

The Moving Average Trend MTF Indicator gives you the birds eye view of the trend direction across multiple time frames on your chart to help save you plenty of time.

So if you are trading the D1 time frame, you probably should look at the bigger time frame which is W1 to understand the bigger trend.

Then you might want to consider the lower time frame which is the H4 to understand the momentum on the shorter time frame.

If all 3 time frames shows the same direction, then it  is time to zoom in for the trigger.

You can consider using a good trading system like Elite Swing Trader for the entry trigger.

Moving Average Trend MTF Indicator MT4
Moving Average Trend MTF Indicator MT4 on daily time frame

Consider looking at the higher time frame and in this case, it’s the W1 to understand the bigger trend. It should be pointing the same direction.

Moving Average Trend MTF Indicator MT4
Moving Average Trend MTF Indicator MT4 on Weekly Time Frame

Also look at H4 to confirm shorter term price momentum.

Moving Average Trend MTF Indicator MT4 on H4 Time Frame
Moving Average Trend MTF Indicator MT4 on H4 Time Frame

The Moving Average Trend MTF Indicator is useful to help save you time and to get you on the right side of the trend.

We hope you find this indicator useful in your journey.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

See also  True Strength Index Indicator MT4 | Free Download

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of the Moving Average Trend MTF Indicator

How to Install Custom Indicators on MT4 on Windows

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We hope you have enjoyed this post as much as we have created this strategy post for you.

Good luck and thank you for your readership.


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