Moving Average (MA) is the most popular indicator. There are also many other indicators which are based on moving averages, such as the widely popular MACD. Because of this, most traders use moving averages in some way.
Our indicator for MT4 that is introduced below can display such moving average lines collectively.
In the above example, 5 moving average lines (8 21 50 100 200) are displayed on the hourly chart. In this way, it would be very useful if moving average lines could be displayed together in one indicator. In addition, if five moving average lines are displayed, you can grasp the trend just at a glance.
The use of this indicator may not be necessary, especially if you are using moving averages on a regular basis. If you do not know how to use it, please refer to the following tips.
1. Use for grasping trends
2. Use for entry
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