Multi Moving Average – is an indicator which shows the information about 4 Moving Averages in a separate window.

You can change the input parameters in the Indicator Properties window for any of the moving averages:

• Averaging Period (period).
• Averaging Method (ma_method).
• The price type used for calculation (applied_price).

and many options for text labels:

ultimaforex.com/wp-content/up/textdsettings.png”>

It has been created to “unload” the price chart (especially of the Moving Averages), but save the useful information.

1. It shows the current state of the moving averages – rise or fall (using the different colors for boxes/arrow)

2. It show the currrent state of the moving averages relative to the price (or Moving Average with period 1) – is it above or below (using the different colors for text labels)

So, configuring the Moving Averages periods, it is possible to understand the market trend without using the moving averages on the price chart!

Image:

Created by: Alex5757000

Top 10 incoming search terms for the article:

• multi moving average
• stochastics arrow indicator
• Alex5757000 - Multi Moving Average v2
• alex5757000
• multi moving average bar indicator
• MULTI MOVING AVERAGES
• Alex5757000 multi moving average
• multi moving average v2
• multiple moving average
• USING MULTIPLE MOVING AVERAGES

Related posts:

1. Automatically Optimize cross Moving average!
2. Time Series Forecast (TSF) indicator
3. Best Forex Indicators – 2 Popular Indicators and Fatal Mistakes Most Traders Make
4. XpMA – New Generation of Moving Average Indicator
5. Signal Bar Indicator
6. John Murphy’s Ten Laws of Technical Trading.
7. ToR 1.20 – Trending or Ranging
8. Wavy Dash: Based on Gann method and moving averages.

Comments are closed.