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Three Moving Trender mt5

This indicator gives you a modified version of three Moving Averages.

Great for scalping.

Does not feature any alerts, and is best used manually after confirming multi line displays.

Settings:

  • Period1 
  • Period2
  • Period3
  • Period4

How to use:

  • Simply attach to any chart with default settings.
  • Buy when the 4 lines converge below the price.
  • Sell when the 4 lines converge above the price.
  • Take note of the slope of Period4.
  • See example pictures below.
  • Best results when looking at three or more time frames, and the three lines have just converged below or above the price.
  • Use as you see fit for your strategy.
  • Best results on Major pairs, but can also be used on other pairs.


Important to note:

  • Please combine this indicator with your other tools for best results.
  • Always test your strategy on a demo account before using a new indicator on a live account.
  • You use this indicator at your own risk.
  • Do not risk money you cannot afford to lose.


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Version 1.1 2022.09.25
Buffer update.
Higher period4 added.
Input signal update.
Default settings update.