Moving Average multi.

The indicator allows you to determine the current trend direction and its origin points based on the analysis of moving averages.

It works great on all time periods and currency pairs, which is why this tool received the multi prefix.

Unlike the standard version of the Moving Average indicator, it does not display one line, but reproduces several segments of different colors on the chart at once, which characterize the trend and its duration.

Working with this tool is quite simple; for maximum efficiency, you just need to configure the basic parameters of the moving average.

Afterwards, several segments of different colors will appear on your chart, in some situations of the same color:

• Green - there is an upward trend .
• Red - downward trend .
• Blue - indicates that the market has currently entered a flat state.

For proper operation, it is recommended to adjust the following settings:

display_period – display of the indicator line for a given time frame;

average_bars – period of the “moving average” for a given period;

ma_method – moving average smoothing method:
0 – SMA,
1 – EMA,
2 – SSMA,
3 – LWMA;

applied_price – base price of the moving average
0 – close,
1 – open,
2 – high,
3 – low,
4 – median (HL/2),
5 – typical (HLC/3),
6 – weighted (HLCC/4);

line_color_up – color for an uptrend
line_color_down – line color for a downtrend
line_color_flet – color characterizing the state of flat on Forex .

When you hover your mouse over one of the lines, a tooltip appears that characterizes the level.

Download Moving Average multi.