MA ATR Indicator

MA ATR Indicator

MA ATR Indicator for MT4 uses the classic MA and ATR MetaTrader indicator to provide a price band for forex trading with buy and sell signals at outer bands

The MA ATR indicator combines the classic moving average and ATR- Average True Range to create a price band. Forex traders can use the slope of this band to identify the bullish and bearish trend direction of the market. Additionally, the upper and lower bands provide excellent buying and selling opportunity.

The bands are simple to identify and easy to understand and works well for new and advanced forex traders. New traders will be able to identify the trend direction with ease using the slope of bands. Moreover, this indicator works on all chart time frames and is useful for short and long-term forex trading strategies. ATR and MA are commonly used by forex traders to formulate auto trading strategies.

MA ATR Indicator For MT4 Trading Signals

The indicator plots the gray bands on the price chart. The upper and lower ATR bands act as an oversold or overbought price area. So, the best trading strategy is to buy at the lower band and sell at the upper band.

For instance, if the price reaches the upper band, traders can enter a sell trade with a stop loss above the previous swing high. The best profit booking strategy is to exit the trade at the opposite band.

Similarly, if price reaches the lower band it warrants a buy trade indicating an oversold price level. Traders should secure this position with a stop below the previous swing high while holding the position to the opposite band will be rewarding.

Conclusion
In summary, the MA ATR indicator for MT4 helps forex technical traders to identify trend direction and entry points.