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.
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.
Also look at H4 to confirm shorter term price momentum.
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.
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.
How to Install Custom Indicators on MT4 on Windows
How to Install Custom Indicators on MT4 on Mac OS
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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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