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Moving Average Info

Moving Averages work well in trending markets, and perform poorly in non-trending market. To determine the strength of the trend on the current bar using moving averages, I've created the Moving Average Info indicator which displays this information in the upper right corner of the chart. A similar service is used by some Internet projects, where trend is analyzed using moving averages.

The Moving Average Info indicator is based on six moving averages, which have different periods but use the same construction principle. The default indicator settings:

  •  MA200 - 200-period simple moving average based on Close prices
  •  MA100 - 100-period simple moving average based on Close prices
  •  MA50   -   50-period simple moving average based on Close prices
  •  MA20   -   20-period simple moving average based on Close prices
  •  MA10   -   10-period simple moving average based on Close prices
  •  MA5     -     5-period simple moving average based on Close prices


Indicator parameters:

  •  MA_Method - MA construction method
  •  Price_Method - MA calculation method
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