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The MTF Moving Average Indicator H4 (MTF MA H4) is designed for MetaTrader 4 to display two moving average lines (fast and slow) simultaneously. This multi timeframe trading tool allows users to apply moving averages from any desired timeframe through its settings.
MTF MA H4 Indicator Specifications Table
The table below displays the specifications of the MTF MA H4 indicator.
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Indicator Categories:
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Trading Assist MT4 Indicators
Levels MT4 Indicators
Momentum Indicators in MetaTrader 4
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Elementary
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Indicator Types:
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Breakout MT4 Indicators
Reversal MT4 Indicators
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Timeframe:
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Multi-Timeframe MT4 Indicators
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Trading Style:
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Day Trading MT4 Indicators
Scalper MT4 Indicators
Swing Trading MT4 Indicators
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Trading Instruments:
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Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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MTF MA H4 at a Glance
The MTF MA H4 Indicator displays the fast MA line in red and the slow MA line in green.
These lines not only indicate trend direction and key price interaction levels but also help define potential entry points for trades. Specifically, the crossover between the fast and slow-moving averages is considered a potential entry signal.
Buy Position
According to the 30-minute chart of the AUD/USD currency pair, the red line (fast moving average, MA) breaks above the green line (slow moving average, MA). This crossover point serves as a valid entry signal for a Buy position.
Sell Position
Based on the 1-hour chart of Binance Coin (BNB), the fast-moving average (red line) crosses below the green line, indicating the start of a downtrend. In such scenarios, the crossover point becomes a suitable entry for Sell trades.
MTF MA H4 Indicator Settings
The customizable parameters of the MTF MA H4 indicator are shown in the image below:
- MA Period: Calculation period of the first moving average
- Second MA Period: Calculation period of the second moving average
- MA Method: Method for calculating the moving average
- Applied Price: Base price used in calculations
- Timeframe: Desired timeframe selection
- Show Second MA: Toggle to show/hide the second moving average
- Lookback: Number of past candles for calculation
Conclusion
The MTF MA H4 Indicator is designed to highlight optimal entry and exit points based on overall market direction. By applying two movingaverages with different calculation periods, this approach facilitates trend analysis and enhances trade signal detection.
It can be used across various trading styles, including price action, ICT, smart money, and more.
How does the MTF MA H4 indicator generate signals?
The indicator provides trading signals through the crossover of the two moving averages. A bullish crossover signals a Buy, while a bearish crossover indicates a Sell.
Can the reference timeframe be changed?
Yes, users can set their desired timeframe through the indicator’s settings.