The Average of 18 Moving Averages Forex trend indicator for Metatrader 5 shows the average price of 18 different MA’s on the trading chart.
It uses the simple moving average, exponential moving average, smoothed moving average, linear-weighted moving average, triangular moving average, and Hull moving average,.. in its calculations.
This indicator is trend-following in nature and can be used for both trade entry and exit.
Often, moving averages are used in simple crossover trading systems and strategies.
How to spot buy and sell trends with it?
- The trend is bullish when the price moves above the moving average.
- The trend is bearish when the price moves below the moving average.
The indicator contains the following inputs and parameters: period (50), applied price.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Free Download
Chart Example
The following chart shows what the Average of 18 Moving Averages Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Average of 18 Moving Averages Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when price closes above the Average of 18 Moving Averages indicator from below.
- Open a buy transaction and place your stop loss below the most recent swing low.
- Close the buy trade for a fixed profit target of your preference, or wait for a sell signal.
Sell Signal
- A sell signal is given when price closes below the Average of 18 Moving Averages indicator from above.
- Open a sell transaction and place your stop loss above the most recent swing high.
- Close the sell trade for a fixed profit target of your preference, or wait for a buy signal.
