Last updated:
This indicator combines Moving Average (MA) and Average True Range (ATR) to visualize potential trade signals. Black solid line indicates MA, Red solid line indicates MA+2*ATR, Red dash line indicates MA+1.5*ATR, Green solid line indicates MA-2*ATR, Green dash line indicates MA-1.5*ATR.
Entry Rules:
1. The price must cross over the moving average line and close on the opposite side
2. The trade’s direction will be determined based on the direction of the cross;
1. a long position when the price crosses from below and closes above the moving average
2. a short position when the price crosses from above the moving average and closes below
3. A trade can only be placed if it coincides with the current trend;
1. a long position must have a positive moving average slope
2. a short position must have a negative moving average slope
3. no trade should be placed if there is a flat moving average slope
4. The highest high or the lowest low must not touch, pass or be very close to dash lines (reversal points).
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
Video Course · 12 modules
Recommended MT4/MT5 Brokers
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Free MT4 Indicator Download
Enter Your Email Address below, download link will be sent to you.