Multi Moving Average Indicator

The Multi Moving Average Indicator is a simple MT4 indicator that plots multiple moving averages to identify the market's current strength. It shows four MAs below the chart having different periods and mentions the uptrend and downtrend. These MAs show square boxes. The blue box illustrates an uptrend while the red box mentions a downtrend.  The good thing is you can use the Indicator on any timeframe. How to use the Multi Moving Average Indicator for MT4? The above USD/JPY H4 chart shows the Indicator on the chart. The indicator doesn’t give the BUY/SELL signals. Instead, it tells about the trend direction. If all the MAs show blue boxes, it suggests a strong uptrend, while when all boxes are red, it signifies a strong downtrend. If MAs plot different color boxes, it’s better to look at the longer period MA. To use the indicators, you can apply momentum oscillators like the RSI and Stochastics or the traditional MAs to confirm signals. Conclusion The Multi Moving Average Indicator for MT4 uses four moving averages to plot red and blue square boxes. These boxes help in identifying the trend’s direction. You can download the indicator for free on our website if you want to give the Multi Moving Average Indicator a shot.