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Moving MM

The Moving MM indicator with moving maximums, minimums and average, which are displayed in the main window of the instrument as indicator lines. This indicator can be used to determine the buy and sell signals. A sell signal is generated when the MA line crosses the blue line downwards, and a buy signal is generated when the MA line crosses the red line upwards. But it is important to note that if the same period values are selected for MM and MA, an intersection cannot happen. Therefore, it is necessary to choose a smaller period for the MA. It is recommended to set the parameter values using this pattern: MM period = x * MA period, where x = current timeframe \ next smaller timeframe. And when signals appear, it is recommended to switch to the smaller timeframe and to check if the signal is accurate for that timeframe as well.

Input parameters

  • k_MM - period for calculation of maximums and minimums. Values from 2 to 30.
  • k_MA - period for calculation of the moving average. Values from 2 to 30.
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Versión 1.2 2017.05.05
The moving line shows the average value for moving averages with maximum and minimum prices for the selected period.
Versión 1.1 2017.02.17
Changed the number of indicator lines (from 8 to 3) and the number of input parameters (now there are two input parameters).