This indicator was made to allow four moving averages to be displayed without needing to use up 3 charting indicators individually
4 moving averages
231 (white) shows the trend
77 (red) crosses above 231 (white) buy signal - longterm
7 (green) crosses above 77 (red) buy signal - quick money
7 (green) crosses below 21 (yellow) sell signal - quick money gone...
This indicator is a trend follower that uses exponential moving averages to estimate the trend strength and prints a BUY label every time that price action matches the algorithm conditions. Always wait for the closure of the current candle to confirm the conditions match.
Ideally, the trade should be taken with a BUY STOP order placed above the signal candle and...