Basic Strategies Moving Average Indicator is a helper tool.
Supports four basic moving average trading strategies.
It offers several modes of data presentation.
For the chosen strategy, it will suggest ‘suggested trading action.
Moving Average crossover
Indications are determined by the relationship between two moving averages
Positive indication – First moving average is above Second moving average
Negativ indication – First moving average is below Second moving average
Moving average breakout
Indications are determined by the position of the closing price in relation to a single moving average
Positive indication – Closing Price is above the moving average
Negativ indication – Closing Price is below the moving average
Moving Averages Channel
Indications are determined by the position of the closing price in relation to a channel, generated by two moving averages
Positive indication – Closing Price is above the channel
Negativ indication – Closing Price is below the channel
Neutral indication – Closing Price is within the channel
Moving Averages Slope
Indications are determined by the slope of selected moving average
Positive indication – Selected moving average is rising
Negativ indication – Selected moving average is falling
Presentation modes
Background – If selected, will paint the chart background, the color of the background is based on the selected strategy indication.
Candle Overlay – If selected, will paint the chart Candles, the color of Candles is based on selected strategy indication.
Line Overlay- If selected, will paint the chart Line, Line color is based on selected strategy indication.
Alert -If selected, will paint a circle, circle color is based on selected strategy indication.
