MA Ribbon Filled + Shift MTF NMC Indicator
The MA Ribbon Filled + Shift MTF NMC Indicator for MT4 is a moving average-based system with a filled ribbon that displays buy and sell opportunities.
The MA Ribbon Filled + Shift MTF NMC Indicator for MetaTrader 4 (MT4) is a multi-timeframe trend analyzer suited to identify short and medium-term trading setups.
It is a product of two Moving Average (MA) indicators filled with a ribbon to identify optimal zones for high-probability trade setups.
How to use the MA Ribbon Filled + Shift MTF NMC Indicator for MT4
The above shows how the indicator would look on your chart. The teel and chocolate lines are the moving average indicators, while the crimson and gray-colored zones are the signals for buy/sell entries.
The indicator signals a potential trend change when the two moving averages cross over to the downside/upside. Furthermore, it signals a buying or selling opportunity when the moving averages are filled up with gray/crimson.
Therefore, a forex trader may anticipate a buy signal after the chocolate-colored MA has crossed the teel-colored MA to the upside. A buy trade order may be placed after the indicator forms a gray ribbon shape.
Similarly, a sell position may be opened after the chocolate-colored MA crosses the teel MA to the downside and is filled with crimson, which forms a ribbon.
Conclusion
This indicator for MT4 is a crossover indicator with a ribbon, which acts as a filter for buy/sell trade entries.
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