MTF Trend Catcher ProJuly 29, 2022
Take the signal from crossing the MA and confirm it with Stochastic.
Works for all forex Pairs and all time frames.
Why Moving Averages are important ?
Moving Averages smooth the collected price data from a given instrument and form a line on the chart. Traders call the MA a trend-following indicator. The most important thing to understand is that MA really does not predict the future price direction. The MA’s main purpose is to define
the current trend direction with a little bit of a lag. Of course this lag is more than normal because we are using data from history and plotting it on the chart.
The two most popular versions of the MA indicators are the EMA (Exponential Moving Average) and the SMA (Simple Moving Average).
Indicators and Template: