Mahs Reversals Forex Indicator is an amazing trend based indicator and is very easy to use. This indicator is best used for intraday and longer term trade setups. Its correction level of detecting trends and the simplicity of signal reading have attracted the traders most.
It uses a set of two different patterns of MAs which are known as Slow and Fast MAs. These tools react very sensitively with different level of price actions. It tells you about the trend condition with the strength of the momentum. So, you can determine both entry and exit with this single indicator.
You’ll be able to use it for any Forex currency pair and it is best to apply it on H1 to any longer timeframe chart.
Once it is installed and correctly in your MT4 system, it will look like this:
– Fast MA: It appears as the Red color line across the chart. This tool studies shorter period of price action data and reacts faster than the Slow MA. Price above Fast MA expresses current momentum as bullish and below Fast MA as bearish.
– Slow MA: This tool is interpreted as like as Fast MA though, it counts longer period of price action data and produces less signals compare to the Fast MA. Slow MA signals the trend in a long-term view.
Generally Accepted Use:
Fast MA is above the Slow MA
Buy triggers when price crosses above of both MAs
Stop loss below the respective bar’s low
Take profit when Fast MA moves below the Slow MA
Fast MA is below the Slow MA
Sell triggers when price crosses below of both MAs
Stop loss above the respective bar’s high
Take profit when Fast MA moves above the Slow MA
Forex Indicators Download – Instructions
Mahs Reversals Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Mahs Reversals Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Mahs Reversals Forex Indicator.mq4?
- Download Mahs Reversals Forex Indicator.mq4
- Copy Mahs Reversals Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Mahs Reversals Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Mahs Reversals Forex Indicator.mq4 is available on your Chart
How to remove Mahs Reversals Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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