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Moving Average Filter

3

This is a filter of various moving average combinations used to give a higher level of confidence to trade entries. The indicator may be used with moving averages on the chart or independently by itself to show the current trend direction.

Trade signals of the Moving Average Filter are based on the Price (1EMA) vs the 14EMA, the 14EMA vs the 50EMA, the 50EMA vs the 100EMA, and the 100EMA vs the 200EMA.

Trade signals are produced when all of the filters are in alignment, thus showing all green or all red blocks.

As this is a filter, the moving averages being used can be changed respectively. However, please note that this indicator has been programmed to compare the moving averages as follows: MA1 vs MA2, MA2 vs MA3, MA3 vs MA4, and finally MA4 vs MA5. If the user wishes to change the moving average values, please refer back to this logic.

Reviews 2
Alexander Buchanan
461
Alexander Buchanan 2021.03.09 09:09 
 

An excellent indicator of when your moving averages are all aligned. An additional edge to your trade.

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Trade Position Sizer
Shellard Securities (Pty) Ltd
The indicator has been designed to function on any time-frame and any pair.   The user is able to input their desired risk percentage per trade based on their account size, and choose whether they wish to calculate risk based on a limit order or market order.   When initialised, a non-invasive button will appear on the left-hand side of the chart. Upon selection, a drop down will appear with a Buy and Sell button, these will in turn place movable lines on the chart that are used to appropriately
Transformed Trend
Shellard Securities (Pty) Ltd
The indicator has been designed to function on any time-frame and any pair, although it is best suited for 5-minute charts.   This price transformation will help the trader better evaluate whether the current market is trending, and in which direction. A dynamic filter has been added to help the trader avoid possibly entering against the trend. Two filter threshold lines may enable the trader to avoid choppy or flat market conditions.   The Yellow indicator line is the filter and the Blue indica
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Alexander Buchanan
461
Alexander Buchanan 2021.03.09 09:09 
 

An excellent indicator of when your moving averages are all aligned. An additional edge to your trade.

pnutfx503
1525
pnutfx503 2020.12.20 19:15 
 

ok

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