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Moving Average Candles indicator MT4

Moving Average Candles indicator MT4, a MetaTrader MT5 and MT4 expert advisor for trading forex profitably, as well as stocks, indices, futures and can be downloaded for free from RobotFX
✔ NFA & FIFO COMPATIBLE
...made to work with most brokers
✔ ONE SINGLE PAYMENT
...no hidden fees, no subscriptions
✔ FREE LIFE UPDATES
...every time a version is released
Price $
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Functions

Charts

Settings

Videos

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The Single Moving Average Candles indicator for MetaTrader colors candles based on their position relative to a moving average. The purpose of this MetaTrader indicator is to simply paint the candles based on the price position in regards to a **moving average** defined by the trader.
A trading chart demonstrating the colored candles produced by the Single Moving Average Candles indicator.

In the image above, instead of dragging on the chart the **55 EMA**, we are using this indicator to simply change the color of the candles, therefore eliminating the EMA and clearing the chart. This allows for a **better observation of the price action**.

Single Moving Average Candles Settings

The indicator settings are very simple, traders can choose the type and length of the **moving average** they usually base their strategy on, and also change the width and colors to suit their trading chart.

A screenshot of the color settings for the Single Moving Average Candles indicator.

Depending on its settings, the indicator can be successful used to either detect the **trend**, spot the **entries/exits** or both.

Download Single Moving Average Candles free

Download a free version
 ⚠ fully functional but limited to trading on demo accounts
12
5 Comments
Natalia
Really like how the candles show trend direction, makes reading charts a bit easier. Had some doubts at first but it’s been working well so far
Anonymous
Works fine with my setup, nothing too flashy but it gets the job done. Helped me tidy up entries. Took a minute to configure it tho
Anonymous
Nice indicator, been testing it for a few days and looks pretty reliable. Not perfect but better than most free stuff out there
Blanka Danilo
I use this mostly on 15min and 1hr charts and it’s been pretty useful. The candles make everything look clearer somehow
Hana
So far I’m happy with it. Been running it on demo and results are quite steady. Helps with confidence when entering trades

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