The indicator draws different moving averages with a dynamic (automatically calculated) period on the chart.
Moving averages work on any timeframe and market.
In a bullish trend, the moving averages of support (green lines) show an approximate level of support. Accordingly, you should buy when the price reaches one of these lines. In a bullish trend, you will see a lot of green lines.
In a bearish trend, the moving averages of resistance (red lines) show an approximate level of resistance. Accordingly, you should sell when the price reaches the red line. In a bearish trend, you will see a lot of red lines.
Input parameters
In addition to the colors, the indicator has no input parameters. The moving averages are based on five multifractal trends.
The indicator is recommended to be used in combination with other products from the MC Fractal Studies ©series. They can be found in the Market under the name MC Fractal Studies Main Indicators.
Tip: For smoother operation of MC Fractal Studies ©, allow a maximum of 5000 bars on the chart.
How to set the maximum number of bars on the chart in the MetaTrader terminal:
Tools > Settings > > Charts > > > Max. bars in the window: enter 5000.
After that, restart the MetaTrader terminal.
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Tip: For smoother operation of MC Fractal Studies ©, allow a maximum of 5000 bars on the chart.
How to set the maximum number of bars on the chart in the MetaTrader terminal:
Tools > Settings > > Charts > > > Max. bars in the window: enter 5000.
After that, restart the MetaTrader terminal.
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