Forex arrow indicator MA2 Signal ver2.1 displays signals to enter the market based on the intersection of two adjustable moving averages.
The indicator MA2 Signal ver2.1 is a signal variant of the intersection of two moving averages.
The MA2 Signal ver2.1 indicator allows setting the parameters of both moving averages.
Setting up the moving average method:
- 0 = SMA,
- 1 = EMA,
- 2 = SMMA,
- 3 = LWMA.
- 0 = Close,
- 1 = Open,
- 2 = High,
- 3 = Low,
- 4 = HL / 2,
- 5 = HLC / 3,
- 6 = HLCC / 4.
When moving averages cross, the indicator draws an arrow of the corresponding color and direction, and also duplicates with a sound signal and a text message.
Unfortunately, the MA2 Signal ver2.1 arrow indicator repaints is arrows, therefore it should not be used as an independent source of signals; however, with additional filtering indicators it can become the main element for creating trend trading strategies.
Features of MA2 Signal ver2.1 MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In MA2_Signal_ver2.1.zip file you will find:
Download MA2 Signal ver2.1 MT4 indicator for free: