Moving Average Ribbon Indicator is one of the best Forex trends following indicator among other trend based Forex technical tools. Why? Because, to find a trend along with a trend signal, you’ll not have to install any template with full of indicators, Moving Average Ribbon Indicator does this job as a standalone Forex indicator for its users.
This indicator is a great fit for any sort of timeframe chart. Besides major Forex currencies you’ll also be able to apply it on all minor and cross Forex currency pair’s charts. Thus, traders from all level can try this astonishing Forex trading tool.
Moving Average Ribbon Indicator Overview
Once you are done with the installation of Moving Average Ribbon Indicator at your mt4 trading terminal, your trading chart will be appeared as the following image:
This trend following indicator creates a trend cloud based on moving averages with several effective parameters. Price is holding above this cloud means the trend is bullish and if the price keeps closing below the cloud then the trend will be considered as the bearish. It also plots the trade signal with its up/downward arrows. Your job is so simple, just match the trade signal arrow with the trend momentum and pull the trigger along with the signal arrow direction. Moving Average Ribbon Indicator is famous for creating opportunities to earn 1:2 risk to reward ratio with higher percentage level of success rate.
Recommended Trading System: Snake Trading System
Moving Average Ribbon Indicator: Buy Parameters
- Price holds above the trend cloud
- An upward arrow is plotted at the same time
- Buy triggers when the above conditions are met
- Set stop loss right below the cloud level
- Exit long whenever your trade meets a 1:2 risk to reward ration
Moving Average Ribbon Indicator: Sell Parameters
- Price holds below the trend cloud
- A downward arrow is plotted at the same time
- Sell triggers when the above conditions are met
- Set stop loss right above the cloud level
- Exit short whenever your trade meets a 1:2 risk to reward ration
