Multi Line Moving Average shows the price levels that are currently located line "moving average" on all time frames.
Right of the graph currency instrument drawn horizontal segments of different lengths and colors. The length of the interval depends on the time period that he displays, and its color depends on where the line is directed "moving average", if the line is directed top, then the segment is green, if you down - the red and the blue color indicates that the line indicates a flat .
But all the above lines and their colors are installed by default, you can not just change the color segments of the indicator, but not necessary to disconnect you at this time. In addition, all parameters of the "moving average" for each time frame can be configured individually.
An indicator:
display_period - display the line indicator for a given time frame;
average_bars - during the "moving average" for a given period;
ma_method - smoothing method "moving average":
0 - SMA,
1 - EMA,
2 - SSMA,
3 - LWMA;
applied_price - for valuing used to calculate the line "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 - the color of the segment, when the "moving average" up top;
line_color_down - the color of the segment, when the "moving average" is going down;
line_color_flet - the color of the segment, when the "moving average" indicates fletovoe movement.
The use of the trade:
in the first place the indicator order to help determine what is now the trend in the senior time frames, it needs to left on the schedule line of "moving averages" from the older time frame. Information about the direction of the main trend - this is one of the most important information to trade on Forex market.
The same segments of the indicator Multi Line Moving Average works fine on the graph as support and resistance lines. Therefore, this indicator performs just two very important functions for the trade, is a pointer to the direction of trade index levels of the important price.
Like any other indicator, following his work on the same time frame of one currency instrument for a certain period, you may notice some patterns for themselves and build on their basis a trading system that would become a profit from trading.
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