Get 36 MetaTrader 4 (MT4) scripts for free and optimize your trading strategy today! Free Download Now!

ID Lite Info MA Forex Indicator

The ID Lite Info MA Forex Indicator comprises a set of 9 fast and slow-moving averages (MA), providing the best possible scenario of the current market trend.

Apart from showing the multi-moving average values, it also plots MA lines over the last ten candles, highlighting the recent direction of the market trends.

While assessing the overall trend condition, we’ll compare the positive and negative values of the moving averages. The tabs turn blue when the value is positive and red when the value becomes negative.

ID Lite Info MA overview

So, the number of blue tabs plotted greater than the red one indicates a bullish trend. Alternatively, the red tabs increase more than the blue tabs signaling a bearish trend.

This guide explains how to anticipate precise buy-sell signals using the ID Lite Info MA Forex Indicator in MT4.

Buy Signal Generation with ID Lite Info MA Forex Indicator

In the above example, most of the MA buttons turn blue, carrying positive values, which indicate a bullish momentum. At the same time, the blue lines around the price candle signal the market has already started moving in an uptrend.

ID Lite Info MA buy signal

Once we confirm an uptrend, we can enter long based on bullish price reversal patterns or breakouts. We recommend combining the ID Lite Info MA Forex Indicator with essential charting tools like support/resistance, trendlines, and Fibonacci retracements for better results.

Sell Signal Generation with ID Lite Info MA Forex Indicator

In the above USDCAD H4 chart, the ID Lite Info MA Forex Indicator signals a bearish momentum as most MA buttons turn red. Next, the MA lines appear red around the price candles, signaling a downtrend.

ID Lite Info MA sell signal

After the indicator confirms a downtrend, we trigger a sell order at the break of the immediate support at 1.2777. Place the SL above the respective support area and consider an exit once a 1:2 RR is achieved.

NameID Lite Info MA Forex Indicator
Size14 KB
Top BrokerExness, RoboForex

Forex Admin Team is a dedicated group of financial professionals who are passionate about helping traders and investors grow their portfolios. We provide in-depth analysis of Forex Brokers, Stocks, CFDs, ETFs, and other financial instruments to help our readers make informed decisions.

Leave a Comment