Moving Average Ninja
The Moving Average Ninja, by 5 Star Forex Systems, is a price action based, color coded moving average.
It can be used on all currency pairs, stocks, commodities, etc.
- The moving average is blue in bullish trend.
- Yellow when the trend is flat.
- Red when the trend is bearish.
Default setting is MA 200, which can be altered by the user in the "inputs" area of the indicator.
- H4 and higher - MA 200
- H1 - MA 100
- M30 - MA 50
- M15 - MA 20
- M5 - MA 20
It is not recommended to use anything less than MA 20 when trend trading with this indicator.