Exclusive Average is a custom trend indicator based on the standard Simple Moving Average with an improved operation logic.
A signal to open a position:
- Open Buy when the price crosses the indicator line from bottom up.
- Open Sell when the price crosses the indicator line from top to bottom.
- Good signals.
- It does not get redrawn.
- Can send push notifications and emails.
Exclusive Average indicator parameters
- Indicator_Period - indicator calculation period.
- SendPush - sending push notifications, yes/no.
- SendMail - sending emails, yes/no.
- COLOR – the color of the indicator line.
Recommended currency pairs
Since this is a trend indicator, better signals are produced on major pairs: EUR|USD, GBP|USD, AUD|USD, NZD|USD.
Good entry points can be found on USD|RUB, gold, silver and exotic pairs.
Exclusive Average should better be used for scalping on lower timeframes (below H1).
P.S When using this indicator, do not forget about stop levels and proper money management.