MA2 Cross AA Cross & Signal Indicator is a crossover-based trend-following forex trading tool that suits all sorts of timeframe charts within the MT4 trading platforms. This indicator is able to find the market trends using its crossover technique and produces trade signals based on the trend directions.
MA2 Cross AA Cross & Signal Indicator can be applied to trade all kinds of forex currency pairs around the financial markets. Moreover, its simplicity of use offers great advantages to the newbie traders who struggle in defining the market trend correctly.
MA2 Cross AA Cross & Signal Indicator Overview
Once you’re done installing the Indicator at the MT4 terminal, your trading chart will appear like the following image
MA2 Cross AA Cross & Signal Indicator Anatomy
The Indicator applies 10 and 21-day Exponential Moving Averages and combines them with the AA Cross method for producing crossover trend signals. Once a trend is confirmed, you’re ready to activate your trade along with the trend directions. The blue MA moves above the red one represent the bullish crossover signal which can also be identified by a white uppish arrow plotted below the price bar by the indicator. For short entries, the blue MA must be moved below the red MA and a red downward arrow should be plotted below the price bars.
Check out: Pipsware Chart MT4 Indicator
MA2 Cross AA Cross & Signal: Buy Parameters
- Price bar closes as a bullish candle above the indicator slopes
- The indicator plots bullish crossover
- A white uppish signal arrow is plotted below the price bar by the indicator
- Buy triggers when all of the above conditions are met at the same time
- Set stop loss below the indicator slopes
- Exit long/take profit whenever a bearish crossover or a red downward arrow is plotted above the price bar
MA2 Cross AA Cross & Signal: Sell Parameters
- Price bar closes as a bearish candle below the indicator slopes
- The indicator plots bearish crossover
- A red downward signal arrow is plotted above the price bar by the indicator
- sell triggers when all of the above conditions are met at the same time
- Set stop loss above the indicator slopes
- Exit short/take profit whenever a bullish crossover or a white uppish arrow is plotted below the price bar
