Trend Following Indicators, Free Forex Indicators (MT4)

Moving Average Strength

Moving Average Strength is also known as a trend-based Oscillator because over the last couple of years it has achieved its own place among the best Forex indicators of the global financial markets. The easy look and easier demonstration have made this Forex indicator exceptionally useful to newbie traders.

This indicator is applicable to any Forex currency pair and can be adjusted with any trend following a trading strategy to get significant success. Besides, it doesn’t matter that you are a scalper or day trader because this amazing Forex tool suits all sorts of timeframe charts.

Moving Average Strength Overview

After you are done with the installation of Moving Average Strength at your Forex MT4 terminal, your trading chart will appear as the following image:

 This indicator uses a parameter scale to signal the trend momentum. Its value raised above the zero level is considered as confirmation of the bullish trend. On the other hand, a negative value represents the existence of the bearish thrust.

This means you should look for buy opportunities when the Moving Average Strength value is positive and will take short opportunities whenever the value turns negative.

Moving Average Indicator: Var Moving Average Indicator

Moving Average Strength: Buy Parameters

Moving Average Strength
  • Moving Average value turns positive
  • The price bar closes as a bullish candle
  • Enter buy at the break of the bullish bar’s high
  • Put stop loss limit below the current swing low
  • Exit long whenever the indicator value turns negative

Moving Average Strength: Sell Parameters

Moving Average Strength Selling Parameters
  • Moving Average value turns negative
  • The price bar closes as a bearish candle
  • Enter sell at the break of the bearish bar’s low
  • Set stop loss limit above the current swing high
  • Exit short whenever the indicator value turns positive
Free Download Moving Average Strength Indicator

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