FanSimple84MEn Indicator

FanSimple84MEn Indicator shows the behavior of the three "moving average" in all 8 time frames. The arrow indicates the top of the fact that the trend is up and the line "moving average" is also directed upwards, on a downward trend arrow is pointing down. A rhombus patch of gray indicates a flat market.

This indicator draws not only the arrows and diamonds in the upper right corner of the chart, but also shows the three "moving averages" which is calculated indicator, so that the trader was able to visually evaluate the testimony itself three lines on the schedule to the analytical result was as effective as possible

Of course, the chart this indicator is a replica of the classic "moving average" but the method of calculation for this indicator is still different from the standard indicator and therefore may be useful for trading on the graph of any instrument and any time frame.

Indicator parameters:

parameters of the indicator are identical to each other, so I will describe everything at once;


period_a (b, c, a, b) - the periods of "moving average" to calculate the indicator.

In constructing the indicator line, the periods of "moving averages" within its parameters are summarized, but there is not a simple addition of numbers, but on a certain formula. As a result, calculation of the indicator is reduced approximately to the average among all the periods specified in the parameters.

And of course in this indicator can customize the look of the line itself, as well as its color and thickness.

The use of trade:
since this indicator is fairly simple and is similar to the most popular indicator of the currency market "moving average", then uses this indicator can be found a great many, but the new system, the calculation of the indicator, it is likely that for someone to replace this indicator Standard Moving Average.

Example 1:

If you already have accumulated a trading strategy and it has a "moving average", you can replace it with this indicator, selecting certain parameters, there is a chance to increase the profitability of your existing system and increase the percentage of portfolio returns;

Example 2:

use this indicator with other indicators, because Indicator MA_Ishimoku like Moving Average, it is also a trend, but as many know, the problem of trend indicators is the presence of many false alarms, which is why you should use one or more additional indicators for filtering them, as well as the indicator points to a trend, and an additional indicator of the filter flat, does not hurt;

Prior to using this indicator, you can try different settings. For starters, you can try to frequently-used options for the Moving Average, for example, 5, 10, 14, 20, 50, also can use the Fibonacci numbers.

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