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Three Moving Averages Signal

The indicator displays entry points on the chart using arrows.

Three exponential moving averages (EMA) are used:

  • The fast one (red) with the parameter of averaging MaPeriod;
  • The medium one (green) with the parameter of averaging equal to MaPeriod * 2;
  • The slow one (black) with the parameter of averaging equal to MaPeriod * 4.

Condition for Opening a Long Position:

  • The fast EMA crosses the medium one upwards;
  • The medium EMA is above slow one.

Condition for Opening a Short Position: 

  • The fast EMA crosses the medium one upwards;
  • The medium EMA is above slow one.

Condition for closing a long position: the fast EMA crosses the medium one downwards.

Condition for closing a short position: the fast EMA crosses the medium one upwards.

The indicator uses one parameter - Period for fast ema.

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