Author:
Introducing the Multi Moving Average Indicator - this handy tool displays the information of four different moving averages in a separate window, making it easier to analyze market trends without cluttering your price chart.
You can easily customize the input parameters in the Indicator Properties window for each moving average:
- Averaging Period (period).
- Averaging Method (ma_method).
- Price type used for calculation (applied_price).
Additionally, there are numerous options for text labels:
This indicator is designed to simplify your price chart (especially concerning Moving Averages) while retaining vital information:
- It provides a snapshot of the current state of the moving averages, indicating whether they are trending upwards or downwards (using distinct colors for boxes and arrows).
- It shows the position of the moving averages relative to the price (or a Moving Average with a period of 1) - whether they are above or below the price (using different colors for the text labels).
By configuring the Moving Averages periods, you can gauge the market trend without adding any moving averages to your price chart!
Example Image:
If you have any questions or suggestions to improve this indicator, feel free to send a private message.
Editor's Note:
This content is a mirror translation of the original Russian version.
If you have any questions for the author, suggestions, or comments, it’s better to post them there.
If you’ve found this code useful for your trading or educational purposes, don’t forget to thank the author!
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