Free Forex Indicators (MT4), Trend Following Indicators

MA 3×3 Colors MTF Indicator

MA 3×3 Colors MTF Indicator uses the crossover technique for signaling the market trend and the trade opportunities as well. It applies 3 formats of the same indicator and allows them to plot the crossover signals which are interpreted as the trade signals along with the direction of the market trend.

MA 3×3 Colors MTF Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. Although, this indicator works well only in between M1 to H1 charts thus fits great for the scalpers and intraday traders.

MA 3×3 Colors MTF Indicator Overview

After the installation of the Indicator at the MT4 terminal, your trading chart will appear like the following image: 

MA 3x3 Colors MTF Indicator Overview

MA 3×3 Colors MTF Indicator Explanation

MA 3x3 Colors MTF Indicator Anatomy

MA 3×3 MTF Indicator is formed with 3 patterns of Moving Averages which are named as 1st MA 3×3 Colors MTF, 2nd MA 3×3 Colors MTF, 3rd MA 3×3 Colors MTF. 1st MA 3×3 Colors MTF moves above both 2nd & 3rd MA 3×3 Colors MTF is considered as the bullish crossover of the market trend. Conversely, 1st MA 3×3 Colors MTF moves below both 2nd & 3rd MA 3×3 Colors MTF represents the bearish crossover signal of the market trend. For a better understanding, this indicator points the crossover signals using separate up/downward arrows around the price bars.

Trending Indicator: Heiken Ashi Exit Indicator

MA 3×3 MTF Indicator: Generally Accepted Use

 Buy Entry

MA 3x3 Colors MTF Buy Entry
  • Price closes above all the MA levels
  • 1st MA 3×3 Colors MTF moves above both 2nd & 3rd MA 3×3 Colors MTF
  • An upward white arrow is plotted below the price bar
  • Buy triggers when the above conditions are met
  • Set stop loss below the MA levels
  • Exit long/take profit whenever price bar closes below the 1st MA 3×3 Colors MTF level 

Sell Entry

MA 3x3 Colors MTF Sell Entry
  • Price closes below all the MA levels
  • 1st MA 3×3 Colors MTF moves below both 2nd & 3rd MA 3×3 Colors MTF
  • A downward red arrow is plotted above the price bar
  • Sell triggers when the above conditions are met
  • Set stop loss above the MA levels
  • Exit short/take profit whenever price bar closes above the 1st MA 3×3 Colors MTF level
Share:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
RoboForex Welcome Bonus