In this article, we’ll introduce an advanced/improved version of the popular moving average (MA) indicator. This MT4 indicator is a moving average line converted to MTF (multiple time frames) and, therefore, can be useful across different timeframes , not just one.
This "MTF_MovingAverage" indicator can be used in various ways and used for trend analysis. Read on to find out how it works and to download it for free.
Tips on how to use:
1. It is recommended to use this indicator for taking trades and trend judgment.
2. Displaying the all-important 100-day and 200-day moving averages on the chart.
The moving average line of a lower time frame cannot be displayed on higher time frames. For example, it is not possible to display a moving average of a 5-minute chart on an hourly chart. On the other hand, there is no problem when the moving average line of the 1-hour chart is displayed on the 5-minute chart. Please keep this point in mind when using this indicator.
Download the "MTF_Moving Average" indicator for free from the button below
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Forex Education - Psychology:
Forex Education - Others:
Forex Interbank Trading: