The Precision Trend on MA indicator is a trading indicator based on a modification of the forex moving average indicator. It is used to determine the direction of the current trend and open certain trades during this period. The indicator is displayed directly in the main window of the price chart in the form of a colored moving average with arrows, located below or above, depending on the current market conditions. The values of the line and arrows of the indicator determine the trend and the moment of opening a trade, taking into account it.
The Precision Trend on MA indicator is suitable for trading on any timeframe with any currency pairs.
The settings of the Precision Trend on MA indicator are responsible for its general installation and operation. The Input Parameters section is used to set its technical operation, and the Colors section is responsible for its general visualization.
-Precision trend period - indicator calculation period. The default value is 30.
-Precision trend sensitivity - the value of the indicator's sensitivity to market changes. The default value is 2.0
-Average method - the type of smoothing of the moving average of the indicator. The default value is TEMA.
-Average period - the value of the period of the moving average. The default value is 14.
-Price for average - the type of price to which the indicator calculations are applied. The default is Heiken ashi trend biased (extreme) price.
-Color change on - parameter responsible for the moment when the color of the indicator line changes. The default value is Change color on average slope and precision trend change.
-Arrows visible? - the parameter for the presence of arrows on the chart. The default value is true.
-Up arrow color - the color of the arrow with the growth value. The default value is Green.
-Down arrow color - the color of the down arrow. The default value is Red.
-Up arrow code - arrow visualization code parameter with growth value. The default value is 233.
-Down arrow code - arrow code with the value of the fall. The default value is 234.
-Arrows size - size of indicator arrows. Default value is 0.
-Gap for arrow up - the distance of the arrow with the growth value from the candles. The default value is 0.75.
-Gap for arrow down - space between the down arrow and the candles. The default value is 0.75.
The Precision Trend on MA indicator is very easy to use due to its convenient visualization, namely the presence of a system for changing the color of the moving average and arrows. To open a certain trade, it should be determined the trend using the direction and color of the line, and to determine the moment of opening a position, it should be considered the direction and color of it arrows. If the current trend is upward, long positions are opened, with a downward trend, short positions. When the current trend changes, in both cases, trades are closed.
Signal for Buy trades:
- The indicator line is directed upwards and has a color with a growth value and an upward arrow is formed under it.
Upon receipt of such conditions, a buy trade can be opened on the signal candle due to the presence of an upward trend. It should be closed when the current trend changes, namely, when the color and direction of the line change and a new arrow is formed. At this moment, it should be considered opening a new trade.
Signal for Sell trades:
- The indicator line is colored with the fall value and moves down. An arrow with the fall value is formed above it.
A sell trade can be opened immediately upon receipt of such conditions on a signal candle. At this moment, a downward trend is determined in the market. When the current trend changes, namely, upon receipt of reverse conditions from the indicator, the current trade should be closed and a new one should be considered.
The Precision Trend on MA indicator is very effective, as its calculations are based on an indicator whose accuracy has been proven by time. Due to the convenient visualization, the indicator is very easy to use, however, practice on a demo account is recommended before using it on a real deposit.