Note: In its DEMO version the indicator works only on the H1 timeframe and has only 2 filters out of the 5 available in the paid version below:

This indicator is based on the system of three moving averages where:

First is the fast average (MA1);

Second is the intermediate average (MA2) and;

Third is the slow average (MA3).

The theory covered in the technical analysis books informs us that when the first average exceeds the second average it is an alert for the trader, however the confirmation of the movement occurs when the second average exceeds the third.

The indicator will insert the check symbol ✔️ when confirmation of the pattern occurs.

The fast average changes color according to the following rule:

Green color:

MA1> MA2; MA2> MA3;

Red color:

MA1

Yellow color:

Does not meet any media requirements;

The color of MA1 will retain its color as long as the above criteria are met.

Another feature of the indicator is that it inserts arrows up ⬆️ or down ⬇️, if it meets the rules above and more filters if activated. Any questions, send us.

[spoiler title=”Read More…”]

Hugs,

Edson Cavalca Junior

System Analyst

[/spoiler]