Forex Cloud
Back to products
Newest CCFP
MT4
Watch video
Click to enlarge

Color MA

The Color MA Indicator is a useful and popular free Forex indicator for MT4. It uses a color-coded moving average line to help traders identify when a trend is reversing or continuing, allowing them to make better decisions when trading. The indicator plots a line with a color that changes depending on the direction of the trend. The Color MA Indicator is easy to use and customizable, allowing traders to adjust the settings to suit their trading style.

Trading Style

,

Indicator Type

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 89

Download now
Description

The Color MA Indicator is a versatile and powerful tool for Forex traders seeking to navigate the dynamic currency markets. This free indicator for the MetaTrader 4 (MT4) platform utilizes a unique combination of moving averages and color-coding to provide traders with a clear and intuitive representation of the current market trend.

Features of the Indicator

The Color MA Indicator is designed to simplify the process of identifying trend changes in the Forex market. By plotting a color-coded moving average line, the indicator clearly distinguishes between bullish and bearish market conditions.

The line appears in green when the market is in an uptrend, and turns red when the trend shifts to a downward direction. This visual cue allows traders to quickly assess the overall market sentiment and make informed decisions regarding their buy and sell positions.

How the Indicator Can Benefit You

The Color MA Indicator can be a valuable asset in the arsenal of both novice and experienced Forex traders. By providing a clear and easy-to-interpret signal of the current trend, the indicator can help you make more informed trading decisions. Whether you’re looking to capitalize on trending markets or identify potential reversal points, the Color MA Indicator can be a valuable tool in your trading strategy.

Additionally, the customizable settings allow you to fine-tune the indicator to your personal trading preferences, further enhancing its usefulness.

Indicator Settings

PeriodAv: This setting specifies the time period or length of the moving average (MA) indicator.

Flat: This setting determines whether the moving average should be displayed as a flat, horizontal line.

Color Settings: These options allow you to customize the color of the moving average indicator.

Width: This setting controls the thickness or line width of the moving average on the chart.

Conclusion

The Color MA Indicator is a must-have tool for Forex traders seeking to navigate the markets with confidence. Its intuitive color-coding, coupled with the power of moving averages, makes it a versatile and reliable indicator that can help you identify trend changes, time your buy and sell orders, and ultimately improve your overall trading performance. Download the Color MA Indicator for your MT4 platform and take your Forex trading to the next level.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Color MA”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

FX Sniper

The FX Sniper indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify trends and potential trading opportunities. The indicator is easy to use and gives clear signals on when to buy or sell based on market conditions. The FX Sniper indicator is suitable for traders of all levels, from beginners to experienced traders who want to improve their trading performance and profitability.
MT4
Quick view
Add to wishlist

Trend DashBoard

,
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
MT4
Quick view
Add to wishlist

Auto Trend Channel

,
AutoTrendChannel Indicator for MT4 - Easy trend analysis and trading with automatic channel plotting. Enhance your trading strategy now.
MT4
Quick view
Add to wishlist

Multi Time Frame Breakout

,
The Multi-Time Frame Breakout indicator is a new and popular forex indicator that is available for free on the MT4 platform. This indicator helps traders identify breakout points by analyzing multiple timeframes at the same time. It works by plotting support and resistance levels based on the highest and lowest price levels over multiple time frames. This is a valuable tool for traders who use multiple timeframes in their analysis and want to improve their accuracy in identifying potential breakout points.
MT4
Quick view
Add to wishlist

Heiken Ashi Smoothed

Enhance your trading with the Heiken Ashi Smoothed Indicator, a powerful tool to visualize trends and reduce market noise.
MT4
Quick view
Add to wishlist

Super Trend

The Super Trend indicator for MT4 is a trend-following indicator that defines the market trend.
MT4
Quick view
Add to wishlist

3 Level ZZ Semafor

,
3 Level ZZ Semafor Indicator - Powerful Trade Signals & Customizable Settings for MT4. Enhance your trading with clear entry signals.
MT4
Quick view
Add to wishlist

Auto Trend Line

Enhance MT4 charts with Auto Trend Line Indicator. Accurate trend lines adjust to market shifts, aiding traders in dynamic analysis.