The 4 Moving Average Trend Indicator is a highly useful tool for forex traders using MT4. This popular indicator is not only free, but also incredibly effective in identifying trends in the market. The indicator works by calculating the average price of an asset over four time periods, and then plotting the results on the chart. Traders can easily see the direction of the trend by observing the slope of the lines. When all four moving averages are moving in the same direction, it indicates a strong trend. This indicator can be used to enter and exit trades, as well as to set stop-loss and take-profit levels. Overall, the 4 Moving Average Trend Indicator is a valuable tool for any forex trader looking to improve their trading strategy.

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