Trend Following Systems, Free Forex Systems (MT4)

Triangle MA Centered Indicators

Triangle MA Centered is probably one of the simplest trend-following forex trading indicators you may have ever experienced. It applies a combination of Moving Averages with Channel Histogram in order to define the market trend and the trade opportunities aligned within the predetermined trend direction.

Triangle MA Centered is a versatile trading indicator that suits all sorts of timeframe charts within the MT4 trading platform. Furthermore, this indicator can be applied to trade all kinds of forex currency pairs around the financial markets.

Triangle MA Centered Overview

Once you’re done with the installation of the indicator at the MT4 terminal, your trading chart will appear like the following image:

Triangle MA Centered Overview

Triangle MA Centered Anatomy

Triangle MA Centered Anatomy

This indicator demonstrates both the trend and the trade signals in a very simple manner so that even a newbie trader will be able to read it right. It turns green to signal the beginning of the bullish trend which is also considered as a buy signal.

Forgoing short with the confirmation of the bearish trend, you’ll need to wait until the indicator bars turn red. Triangle MA Centered value turns positive means the validity of the recent bullish move and turns negative to signal the intactness of the current bearish thrust.

Also Read: Best Contrarian Forex Strategy

Triangle MA: Trading Rules

Buy Entry

Triangle MA Buy Rules
  • Price bar closes as a solid bullish candle
  • The indicator bars turn green
  • Buy triggers when both of the above conditions are met at the same time
  • Set stop loss below the current swing low of the market
  • Exit long/take profit whenever the indicator bars turn into red 

Sell Entry

Triangle MA Sell Rules
  • Price bar closes as a solid bearish candle
  • The indicator bars turn red
  • Sell triggers when both of the above conditions are met at the same time
  • Set stop loss above the current swing high of the market
  • Exit short/take profit whenever the indicator bars turn into green

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.

1 thought on “Triangle MA Centered Indicators”

  1. Спасибо, что делитесь своими наработками. Очень помогает в торговле.


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