This indicator gives you a modified version of three Moving Averages.
Great for scalping.
Does not feature any alerts, and is best used manually after confirming multi line displays.
Settings:
- Period1
- Period2
- Period3
- Period4
How to use:
- Simply attach to any chart with default settings.
- Buy when the 4 lines converge below the price.
- Sell when the 4 lines converge above the price.
- Take note of the slope of Period4.
- See example pictures below.
- Best results when looking at three or more time frames, and the three lines have just converged below or above the price.
- Use as you see fit for your strategy.
- Best results on Major pairs, but can also be used on other pairs.
Important to note :
- Please combine this indicator with your other tools for best results.
- Always test your strategy on a demo account before using a new indicator on a live account.
- You use this indicator at your own risk.
- Do not risk money you cannot afford to lose.
