Free Forex Indicators (MT4), Trend Following Indicators
Moving Average Ribbon Indicator
By Arun Lama
Published On
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.
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:
Moving Average Ribbon Indicator
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.
Exit long whenever your trade meets a 1:2 risk to reward ration
Moving Average Ribbon Indicator: Sell Parameters
Moving Average Ribbon Indicator Selling 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
Free Download Moving Average Ribbon Indicator
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Arun Lama
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.
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.
