Watch the testing video here:
Forex SMA Crossover Signal Indicator
The SMA Crossover Signal Metatrader 4 indicator is a very popular MT4 technical indicator.
The indicator is based on the crossover of two simple moving averages, one faster and one slower.
Understanding how this system works is very simple:
When the faster SMA crosses above the slower SMA from below, this generates a buy signal.
The indicator displays a green buy arrow on the Metatrader 4 chart.
Conversely, when the faster SMA crosses below the slower SMA from above, this generates a sell signal.
The SMA Crossover Signal Metatrader 4 can be used as a standalone indicator or together with other indicators or analysis tools.
It works for scalping, day trading and swing trading.
The default indicator values are set to 9 and 18 but can be changed directly from the indicator’s input tab.
Experiment with its settings!
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