MT4 4 MA Strength 1.0

The 4 MA Strength Indicator is a popular and free Forex indicator for MT4 that is useful for any trader looking for a reliable and powerful indicator. It is a versatile and highly effective tool that can help traders to identify potential trading opportunities. The indicator is based on the 4 Moving Average (MA) lines and their strength in the market, which can be used to identify trends and potential entry and exit points. The 4 MA Strength Indicator works by plotting four different moving averages on the chart. These moving averages are the Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), and the Linear Weighted Moving Average (LWMA). The indicator then calculates the strength of each of these moving averages relative to each other. This is done by taking the difference between the two moving averages and then calculating the ratio of the difference to the total of the two moving averages. This ratio is then used to determine the strength of the MA lines. It is easy to use and provides traders with a visual representation of the strength of the MA lines, which can be used to identify potential entry and exit points in the market.