2 Moving Average Signal MT4 Indicator alert
Moving averages have always been a good method to identify trends. They may generate too much noise when used in very short time frames but when we use them on higher time frames, they become more reliable. Forex traders use moving averages crossovers to generate trading signals.
Sometimes it is hard to see if the crossover occurred or not. 2 Moving Average Signal indicator helps you to visualize the trading signals produced by this method. If fast moving average crosses over slow moving average that means the currency pair is in an uptrend. If fast moving average crosses below slow moving average that means the currency pair is in a downtrend.
How to Trade With 2 Moving Average Signal:
Buy Signal: Wait for pink fast moving average to cross over the blue slow moving average (a blue arrow will appear below the candlestick bar).
Sell Signal: Wait for pink fast moving average to cross below the blue slow moving average (an orange arrow will appear above the candlestick bar).