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My Trend Lines

This is my second indicator. Its purpose is to understand a trend. This indicator is actually based on moving average.

The default period is 20. Users can change settings as per required.


How to Trade

Three lines of moving averages are running on a chart - lime, yellow, and red.

The default period is 20.

If Period selection is 20 then yellow will be 40 and red will 60.

When to buy: If a candle is closed above the lime line and is located between yellow and red lines, then it is a buy signal

When to sell: If a candle is closed below the lime line and is located between yellow and red lines, then it is a buy signal

Timeframe: The indicator is most efficient on H1 and H4. However, I use it on M30.

Please see the screenshot for more clarifications or contact me.

Happy trading!

Maksym Mudrakov
12498
2016.08.31 14:44 
 

User didn't leave any comment to the rating

Mohammad Soubra
30116
2016.05.09 03:51 
 

good indicator