Its another averaging of moving averages.
If shows green line, if buy signal only and red line in case of sell signal only.
Nothing new, just more clearly.
MT4 Indicators – Download Instructions
LineMA is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
LineMA provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install LineMA.mq4?
- Download LineMA.mq4
- Copy LineMA.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on LineMA.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator LineMA.mq4 is available on your Chart
How to remove LineMA.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Download Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
MT4 Indicators Download here: LineMA