PRO-Averages - average with fast and slow development
Moving averages are nowadays literally an inherent part of every, even less professional trading platform and at the same time they are such a crucial element for many traders that their trading could hardly exist without them.
However, moving averages have their pros and cons. For example, a certain disadvantage of averages can be their slow or, on the contrary, very fast development and this is exactly what the new modern indicator PRO-Averages solves. This indicator is based on a time-honed algorithm, can adjust the speed of development to the market situation.
- The modern trend indicator
- Usability: Forex, Oil, Stocks
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
For really strong trading signals, it is advisable to use the PRO-Averages indicator in tandem, i.e. with another trend indicator such as moving averages. For example, you can see below how the crossing of the moving average (purple line) and the PRO-Averages indicator (aqua line) indicated that there was likely to be a change in the trend, which subsequently did happen. Thus, in this case of use, it is advisable to enter short positions when the price is below both of the given lines and, conversely, long positions when it is above.
Download PRO-Averages from the button below
Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.