Moving Average (MA) Indicator
Category: Articles
If you want add Moving Average (MA) Indicator, just right click on chart graphic then click Indicator, now you can see Moving Average under Fibonacci Fan. Then Select Type, Period and Color, MA will appear under your chart.
And here is sample Moving Average with streamer.
About MA in Forex, Moving averages are one of the most commonly used technical tools. They follow the trend, smooth the normal fluctuations of the data, and clearly signal long and short positions to the investor.
This study displays moving averages as the normal crossover trading system. You may select up to three different averages.
Most investors and charting services use three moving averages. Their lengths typically consist of short, intermediate, and long-term. A commonly used system is 4, 9, and 18 intervals. An interval may be ticks, minutes, days, weeks, or even months; it depends upon the chart type.
The normal moving average crossover buy/sell signals are as follows. A buy signal is flashed when the short and intermediate term averages cross from below to above the longer term average. Conversely, a sell signal is issued when the short and intermediate term averages cross from above to below the longer term average.
You can use the crossover approach with only two moving averages, but market technicians suggest longer term averages (a longer interval) when trading only two moving averages in a crossover system.
Parameters:
- Period1 - the number of bars, or interval, used to calculate the first moving average.
- Period2 - the number of bars, or interval, used to calculate the second moving average.
- Period3 - the number of bars, or interval, used to calculate the third moving average.
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October 18th, 2008 at 11:53 pm
good day sir: i am a forex trader for over a year now and forex had dealth with me so much that i have even conlude that after my research and no good outcome i will stop trading forex. if there is any useful useful tutotrials that will be of help to me pls do not hesitate by forwarding it to my email address. thanks for been there
AKIN BENEDICT
January 20th, 2009 at 10:40 am
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ZUBY CHUK