The 3rd Generation Moving Average Indicator is a popular free Forex indicator for MT4 that is useful for all traders. It is a powerful trend following indicator that uses a combination of three moving averages to generate buy and sell signals. The indicator plots three lines on the chart; the first line is a simple moving average, the second is an exponential moving average, and the third is a smoothed moving average. The indicator is designed to identify when the price is trending and when it is ranging. When the price is trending, the indicator will generate buy and sell signals when the price crosses above or below the three moving averages. When the price is ranging, the indicator will generate buy and sell signals when the price breaks out of the range. The indicator can also be used to identify support and resistance levels. It is a great tool for traders looking for an easy way to identify potential trading opportunities.

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