MA 2 Histogram

4.5

The indicator is based on two Moving Averages. Its only difference from traditional indicators is that it is presented as a histogram.

The histogram has four colors; each color represents a MA with its own period.

In case of a descending trend, if a price is lower than a moving average, the indicator displays a value lower than the red zero level. In case of ascending trend, the indicator value is higher than the green zero level.

Parameters:

  • Period MA 1 - Period of the first moving average.
  • MA 1 method: - Method of the first moving average (SMA - simple averaging, EMA - exponential averaging, SMMA - smoothed averaging, LWMA - linearly weighed averaging).
  • Apply to: - Application to the price of the first moving average (Close price - price of closing, Open price - price of opening, High price - maximum price for a period, Low price - minimum price for a period, Median price - meridian price, (high+low)/2, Typical price, (high+low+close)/3, Weighted price - weighed average price, (high+low+close+close)/4).
  • Period MA 2 - Period of the second moving average.
  • MA 2 method: - Method of the first moving average (SMA - simple averaging, EMA - exponential averaging, SMMA - smoothed averaging, LWMA - linearly weighed averaging).
  • Apply to: - Application to the price of the second moving average (Close price - price of closing, Open price - price of opening, High price - maximum price for a period, Low price - minimum price for a period, Median price - meridian price, (high+low)/2, Typical price, (high+low+close)/3, Weighted price - weighed average price, (high+low+close+close)/4).
Reviews 2
simonlongster
250
simonlongster 2025.06.11 15:14 
 

Very useful indicator - works perfectly and it's free. Thanks!

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Market makers' tool. Meravith will: Analyze all timeframes and display the current trend in force. Highlight liquidity zones (volume equilibrium) where bullish and bearish volumes are equal. Display all liquidity levels across different timeframes directly on your chart. Generate and present text-based market analysis for your reference. Calculate targets, support levels, and stop-loss points based on the current trend. Compute the risk/reward ratio for your trades. Determine position size accor
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Pavel Shutovskiy
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Pavel Shutovskiy
Indicators
The indicator calculates intraday levels based on the average daily price range, builds support and resistance levels that may be reversal. Parameters Period ATR - period of the ATR indicator Shift time - time offset for the opening of the day Color opening of day - color of the opening line of the day Color 1AR, -1AS - line color 1AR, -1AS Color AR 1/2, AS -1/2 - line color AR 1/2, AS Color AR 1/4, AS -1/4 - line color AR 1/4, AS -1/4 Color AR 3/4, AS -3/4 - line color AR 3/4, AS -3/4 Color
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simonlongster
250
simonlongster 2025.06.11 15:14 
 

Very useful indicator - works perfectly and it's free. Thanks!

Maksym Mudrakov
30049
Maksym Mudrakov 2016.08.31 09:15 
 

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