The 4 MA Strength Indicator for MT4 uses four moving averages to help you quickly identify the market trend through the colors of the bars displayed in the sub-window.
Introduction
The 4 MA Strength Indicator generates histogram bars below the main chart (in window 1). Unlike other indicators, it does not draw Buy/Sell arrows. Instead, it helps you determine the market trend based on the color of the vertical bars.
It’s very simple:
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Green bars indicate that the market is trending upward.
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Red bars indicate that the market is trending downward.
You can also use this indicator to spot potential market reversals. For more reliable signals, it’s recommended to use it on higher timeframes to avoid market noise.
Finally, the 4 MA Strength Indicator works best when combined with other tools in your trading system, giving you a stronger confirmation before making decisions.
Installation Guide
You can customize the settings for the MA periods (Period), calculation method (Method), and other parameters in the Inputs section.
