The Multi Moving Averages Indicator is a combination of 6 individual moving averages. These moving averages are used to identify the market trends and dynamic support/resistance of the price.
Multi Moving Averages Indicator is a versatile trend trading tool. You can apply it to any of your favorite timeframes available within the MT4 platform. Moreover, it suits trading all types of online trading instruments including forex currency pairs, stocks, futures, cryptocurrencies, and more.
Multi Moving Averages Indicator Overview
This indicator has been built to assist trend-following traders in assessing the daily market trends. Besides, its trend signals help both beginners and experienced traders in determining the timing and place of the market entries.
Moreover, the multi-moving averages show key support and resistance levels of the price. Also, you can use the indicator levels as potential retracement/pullback zones during a trend-following movement of the price.
Don’t Miss: Top 10 Free MT4 Forex Systems
Multi Moving Averages Indicator Explanation
Multi Moving Averages Indicator includes 25, 50, 100, 200, 300, and 400-period moving averages. Traders prioritize the trend signals of each moving average group based on their trading styles.
The moving averages of the indicator are classified into 3 different groups. The 25 and 50-period moving averages are used to assess the short-term market trends. For example, 25-MA moves higher than 50-MA means it is a bullish crossover signal that indicates an uptrend condition of the market.
The 100 and 200-MA plot intraday trend signals. These moving averages move slower than 25 & 50-MA but carry a greater accuracy in producing the trend signals. According to our review, 100 and 200 moving averages are ideal for trading in hourly and 4-hourly timeframe charts.
The 300 and 400 MAs are the longest periods moving averages of the indicator. These moving averages demonstrate a long-term overview of the market trend. Daily and weekly timeframe traders vastly depend on such long period moving averages for identifying long-term trading opportunities.
Multi Moving Averages: Buy Conditions
- Price should break above all the moving averages of the indicator.
- Short-period moving averages should be moving above the long-period moving averages.
- Hold your buy order until the price breaks any of the dynamic supports of the indicator.
Multi Moving Averages: Sell Conditions
- Price breaks below all 6 moving averages of the indicator
- Short length moving averages turn lower than the longer period moving averages
- You may hold your sell order until the price breaks above the dynamic resistance levels
The file in the download link is different.
Thank you.