Free Forex Indicators (MT4), Trend Following Indicators

Var Moving Average Indicator

Var Moving Average Indicator is a trend following forex trading indicator. It is one of the best forex trading indicators built for the hardcore trend followers. This forex trading indicator is popular among the stock traders, currency traders, and commodity traders. Its ability to give genuine money making signals to its users is what makes this forex trading indicator so popular. This indicator is also popular because it gives more choices to its users. I mean you can trade on any time frame and any instruments. Here, we are more concerned with forex trading so I will be talking from forex market’s perspective.

Var Moving Average Indicator Overview

Time Frame Currency Pairs Name of Indicator Ratings
Any Any Var moving average 9.8/10

 When you install this indicator in your metatrader 4, you will see something like this:

Var Moving Average Indicator
Var Moving Average Indicator

About Var Moving Average Indicator

It is the moving average like thing that you see on the chart. This indicator is made up of blue and pink dots. Blue dots indicate buying signal and pink dots indicate selling signal. This indicator also shows you reversal points by generating yellow dots in peaks and bottoms but you can simply ignore these signals. You can simply follow the colors of the indicator and make money.

Var Moving Average Indicator: Buy Parameters

Var Moving Average Buy Parameters
Var Moving Average Buy Parameters
  • Forex pair you are watching should be up trending.
  • Forex pair should be bouncing from the recent support.
  • Var Indicator should turn blue.
  • Place your long position when all of the above conditions are met.
  • Place your stop loss below the recent swing low.
  • Take your profit when Var Moving Average Indicator turns pink.

You Must Read: The Best Forex Trading Strategy Ever

Var Moving Average Indicator: Sell Parameters

Var Moving Average Sell Parameters
Var Moving Average Sell Parameters
  • Forex pair you are watching should be down trending.
  • Forex pair should be pulling back from the recent resistance.
  • Var Indicator should turn pink.
  • Place your short position when all of the above conditions are met.
  • Place your stop loss above the recent swing high.
  • Take your profit when Var Moving Average Indicator turns blue.

 

Download Var Moving Average Indicator
Download Var Moving Average Indicator
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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.

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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.