MA Level v2 Indicator

MA Level v2 Indicator uses in its calculations based on a standard forex indicator "moving average", but this takes into account several factors.

In addition, the indicator MA Level v2 is displayed in the indicator window below the chart of currency tool, and not on the schedule, as does the Moving Average (moving average). The price for which the indicator will be calculated, the user can choose himself in the parameters of the indicator, the price is to be used not only to the calculations, but also to compare with each other. Just when building line of the indicator, recorded the position and direction of "moving average", as well as the trend at the moment.

about indicator

period - period of "moving average";
method_ma - averaging method "moving average":
0 - SMA,
1 - EMA,
2 - SSMA,
3 - LWMA;
ap_price - a price that will be taken into account when calculating the indicator:
0 - close,
1 - open,
2 - high,
3 - low,
4 - median (HL / 2)
5 - typical (HLC / 3)
6 - weighted (HLCC / 4).


On the chart of currency tool, the indicator MA Level v2 is similar to the oscillators, as it moves around the line of zero. In order for this level is easier felt need in the parameters of the indicator in the tab "levels" to set the level "0" , and choose the color of their registration under the schedule.

The use of the trade:

author recommends that this indicator is to use it as a filter for the transactions, so before you look for entry points to be added to this indicator has one or more forex indicators to signal a trade was as accurate as possible. These indicators must be from another group of forex indicators, as indicators of signals from different groups tend to perform better in practice the trade.

Since a standard Forex Indicator Moving Average is a trend, and this indicator MA Level v2 is based on the first, and he is also a trend, so as an additional indicator of the Forex you should use one of the oscillators such as: Force Index , MACD , Momentum , RSI or any other.

To construct a trading strategy to use this indicator MA Level v2 , so do not interfere and trend indicators to confirm the direction of transactions. But in constructing such a system, do not forget that the amount of light in any trading strategy should be from 2 to 5 at most, as they would clutter the graph, which in turn will complicate trade.

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