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 3×3 Colors MTF Indicator Explanation
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
- 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
- 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
