Moving average (MA): this indicator is one of the most popular in trading in various markets. You can find plenty of articles concerning this indicator on the Internet. So there is no point in providing its full description. However, it is to be noted that there are several price averaging methods which eventually resulted in occurrence of numerous types of moving average.
The MAStopTrailMT5 indicator is also a MA variation, but it has some advantages in contradistinction to the abovementioned one.
Appearance: it has a stepped configuration as opposed to regular moving average. As the main task of this indicator is to specify levels for Stop Loss trailing, such shape fits in the best way possible.
Due to its form, MAStopTrailMT5 makes levels which can act as support and resistance, and serve as a guidemark for placing pending orders or Take Profits.
Combination of two MAStopTrailMT5 indicators with different settings can be used as a signal (when they are crossed) for opening Buy or Sell trades. Definitely the same can be done with regular moving averages, but employment of MAStopTrailMT5 reduces number of false moving average crosses.
Identification of flat areas on a price chart becomes easier.
Price chart smoothing.
period — period of averaging.
price — price for moving average calculation.
method — method of averaging.
shift — indicator shift in a horizontal plane.
Stop Loss trailing
When we open an order, we should find the latest shaped level (a horizontal interval). Stop Loss should be placed below/above (depending on a type of an order). Further, we should wait until new level is shaped. When it happens, we should transfer Stop Loss to the previous level. After that we should wait until next new level is shaped. Then we transfer Stop Loss to the previous level again, etc. Such approach allows to avoid early order closing.
The indicator implements Awesome Oscillator operation principles. It reveals what is happening at the current moment with the market’s driving force. Thus, we can apply the same trading rules to …
This indicator draws the Keltner Channel using the rates chart calculated from any other timeframe.
The available Moving Averages are:
Simple Moving Average
Exponential Moving Average
Smoothed Moving Average
Linear Weighted Moving Average
Tillson’s Moving Average
For a long time, market profiles, clusters and other methods of data accumulation were not available in the spot market. Instead, traders had to use futures data, consider expiration, price …
It predicts the most likely short-term price movement based on advanced mathematical calculations.
Estimation of immediate price movement;
Calculation of the real market trend;
Calculation of the most important support and resistance levels;
Diversified signal has nothing in common with majority of the indicators represented here. The signal is not a derivative from the Euro-Dollar cost in itself and is calculated by stages:
18 pairs …
The LondAndShort indicator is suited to calculate the resulting division or the difference between the closing price of two symbols.
The indicator must be placed on a chart, where it’s symbol is …
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color …