Download MetaTrader 5

Indicators: Multi Moving Average

To add comments, please log in or register
MetaQuotes Software Corp.
Moderator
190072
MetaQuotes Software Corp.  

Multi Moving Average:

It shows the information about 4 Moving Averages in a separate window.

Author: Александр

MQL4 Comments
16316
MQL4 Comments  

Pls explaint how to read this indicator.. ex. The blue dots means..? and the red means ?

Александр
427
Александр  

The new version of indicator is now available: Alex5757000 - Multi Moving Average v2

Sergey Golubev
Moderator
100265
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.06.05 09:41

USDCHF Breakout Hindered by 200-Day Moving Average (adapted from dailyfx article)

  • The USDCHF break has run into the 200 Day Moving Average.
  • Potential buyers could enter upon a confirmed break above the 200 Day MA.

The 200-Day Simple Moving Average

The 200-Day Simple Moving Average is one of the most popular indicators in the world. When price breaks through a 200 MA on a daily chart, it can often be seen as a topic of conversation on financial news stations, websites and newspapers.
It is primarily used to give traders and investors an overall sense of how strong or weak a currency pair is.

Typically, when a currency pair’s price falls below the 200 Day MA, it is a sign of weakness with a potential for further price decline. And when a currency pair’s price breaks above the 200 Day MA, it is a sign of strength with a potential for further price increases.



The chart above shows the recent price action surrounding the 200 Day MA. We see a large run up in price breaking through multiple resistance levels until it met this powerful MA line. We have had 6 consecutive days where price has temporarily broke through the 200 Day MA or price has come within 10 pips of the line before retreating lower. So this level is acting as strong resistance.

If price were to remain below the MA, it could propel it lower back into the pair’s price channel. However, a breakout to the upside could add yet another reason to buy the USDCHF. Until we witness a larger price move, we are in a state of limbo.




ramzam
115
ramzam  
how to get the mirror translation for this russian language indicators. any one please help
To add comments, please log in or register