Moving Averages 3×3 Colors

What Is the Moving Averages 3×3 Colors Indicator for MT4

The Moving Averages 3×3 Colors Indicator for MT4 is a visually enhanced version of the classic Moving Average tool, designed to help traders identify market trends, momentum shifts, and potential entry or exit points with greater clarity.

Unlike standard moving averages that rely on a single color or line style, this indicator applies three multi-colored moving averages, each representing a different timeframe or period. These lines change colors dynamically based on price movement, making it easier to read market direction at a glance.

Essentially, the indicator acts as a “trend ribbon” on your chart — showing whether short-, medium-, and long-term trends are aligned or diverging. When all three MAs move in the same direction with consistent color, the market tends to be trending strongly. When the colors mix or cross, it signals a possible transition or consolidation phase.

For beginner and intermediate traders, this indicator offers a simple yet effective way to combine multiple timeframes and visualize the market’s momentum without relying on complex analysis. It belongs to the category of best custom indicators for MT4 that focus on improving clarity and confidence in decision-making.

How It Works: Moving Averages 3×3 Colors Indicator

At its core, the indicator uses three sets of weighted moving averages (WMAs) — each with its own customizable parameters.
By default, the periods are set to 15, 60, and 180, which roughly correspond to short-term, medium-term, and long-term market trends.

Here’s what makes this indicator unique:

1. Triple-Layered Analysis

Each of the three moving averages represents a different period.

• The first MA (MA1) reacts quickly to recent price changes and is best for detecting short-term momentum.
• The second MA (MA2) filters out minor fluctuations and highlights the medium-term trend.
• The third MA (MA3) acts as a long-term guide, helping traders stay aligned with the overall market direction.

When all three are used together, they form a “3×3 ribbon” — offering both responsiveness and stability in trend interpretation.

2. Color-Coded Trend Visualization

Each moving average is displayed in three alternating colors that change after a defined time segment.
For example, the first MA can shift between Lavender, Gold, and Magenta, while the others use their own color combinations.
This alternating color pattern helps visually separate different trend phases, similar to a rhythm or heartbeat of the market.
It allows traders to quickly spot when a trend is accelerating, slowing, or reversing.

3. Dynamic Line Thickness and Style

The indicator also introduces a “dynamic glow” effect — each line subtly changes its thickness over time, creating a blinking or breathing visual style.
While this feature has no direct trading function, it greatly enhances chart readability, especially during fast-moving sessions.
The line styles (solid, dashed, dotted) can also be customized to suit the trader’s preferences.

4. Four Calculation Modes

The indicator includes four distinct calculation types:

• Simple: Based on the standard moving average of closing prices.
• Open/Close: Averages the open and close values, offering a smoother reading.
• Low/High: Balances between lows and highs, useful for identifying volatility and support/resistance levels.
• Heiken Ashi: Uses Heiken Ashi candle data to filter noise and produce smoother, trend-following lines.

This flexibility allows traders to adapt the indicator to different strategies — from scalping and swing trading to long-term analysis.

See Also: Murrey Math Line X

Moving Averages 3×3 Colors Indicator Settings

The Moving Averages 3×3 Colors Indicator for MT4 is highly customizable.
Each of the three moving averages can be configured independently, giving traders complete control over responsiveness and visualization.

Below are the key parameters and what they do:

1. MA Type

Select from the four modes (Simple, Open/Close, Low/High, Heiken Ashi) depending on how you want to calculate the moving averages.

• Simple: Ideal for quick, reactive setups.
• Open/Close: Balanced, suitable for most strategies.
• Low/High: Best for volatility-based approaches.
• Heiken Ashi: Excellent for smoothing out market noise.

2. Period and Shift

You can set the period length for each MA (e.g., 15, 60, 180) and apply a shift if you want to offset the line forward or backward on the chart.
Longer periods smooth out fluctuations but react slower to price changes.

3. Method and Applied Price

Choose between SMA, EMA, SMMA, or LWMA methods and specify which price data to use — open, close, high, low, or median.
By default, the indicator uses Linear Weighted Moving Average (LWMA) on the closing price for more responsive results.

4. Color and Line Style

Each moving average has its own color trio (three alternating colors) and line style (solid, dash, or dot).
This visual differentiation helps identify which line corresponds to which timeframe at a glance.

5. Color Time and Size Indication

The ColorTime parameter defines how frequently the colors alternate, creating the “3×3” rhythm.
Meanwhile, SizeIndication controls the thickness animation — a subtle aesthetic enhancement that makes the lines look more alive and engaging.

How to Use the Moving Averages 3×3 Colors Indicator in Forex Trading

This indicator works well as both a standalone tool and a complementary filter within broader forex trading strategies with MT4 indicators.

Here are a few practical approaches:

Trend Identification:

• When all three moving averages are sloping upward with consistent color, it signals a bullish trend.
• When they align downward, it indicates bearish momentum.
• Mixed or crossing colors suggest indecision or consolidation.

Entry and Exit Confirmation:

• Traders can wait for the short-term MA to cross above (buy) or below (sell) the medium-term MA for confirmation.
• Aligning the signal with the color rhythm helps avoid false entries.

Combining with Other Indicators:

• You can combine it with oscillators like RSI or MACD to validate momentum.
• It also pairs well with price action methods or support/resistance zones for higher accuracy.

Risk Management and Best Practices:

• Use the long-term MA (MA3) as a trend filter to avoid trading against the main direction.
• Incorporate stop-loss and take-profit levels based on recent swing highs/lows.

This approach helps traders improve forex trading results with indicators while maintaining discipline and clarity on market direction.

Why Traders Love This Indicator

The Moving Averages 3×3 Colors Indicator stands out because it transforms a traditional moving average into a multi-dimensional visual guide.
Traders appreciate it for its:

• Simplicity and elegance
• Ability to combine short-, medium-, and long-term trends
• Dynamic color and style changes that make charts easier to interpret
• Compatibility with all currency pairs and timeframes

Whether you are learning forex step by step or already refining your strategy, this tool offers both functionality and aesthetics that enhance your trading workflow.

How to Instal “Moving Averages 3×3 Colors” Indicator for Metatrader 4

1. Open your Metatrader 4 platform.
2. Download and save the “Moving Averages 3×3 Colors” indicator to your desktop or any other folder located on your local computer.
3. Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
4. Explore the following folder: MQL4 > Indicators.
5. Copy and paste the “Moving Averages 3×3 Colors” indicator into this folder.
6. Restart Metatrader 4.
7. “Moving Averages 3×3 Colors” indicators are stored by default in the custom indicator folder.
8. To access these indicators, go to Top Menu > Insert > Indicators > Custom.
9. In order to add a “Moving Averages 3×3 Colors” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Moving Averages 3×3 Colors”.
10. Done!

See a complete guide How To Install Metatrader 4 Custom Indicators

Final Thoughts

The Moving Averages 3×3 Colors Indicator for MT4 is not just another moving average — it’s a refined visualization tool that brings clarity, structure, and rhythm to your chart.
It’s ideal for traders who want to read trends more intuitively while keeping their setup visually organized and professional.

If you are exploring free forex indicators for beginners or looking for technical analysis tools in forex, this indicator is a great place to start.

You can try this tool directly by downloading it below and see how it transforms your chart analysis in real time.

Free Download Moving Averages 3×3 Colors indicator for Metatrader 4