Watch the testing video here:
Forex MTF Moving Averages MT4 Indicator
MTF Moving Averages is an useful indicator that brings you data from fully customizable higher timeframe Moving Averages on your charts, you can add multiple Moving Averages to use even more data of current market conditions.
Check the indicator in action [Images below]
What MTF Moving Averages does apart from showing higher timeframe MA’s?
Time saver, having all your higher timeframe MA’s in just one chart, time is key, avoid switching between timeframes.
Enter Trends precisely, easy to follow up, and exiting them.
Excecute with presicion breakouts, retracements, and consolidation.
Confirm Supports and Resistances.
Easy to customize your MTF Moving Averages!
Period – Moving Average value.
MA Method – Type of Moving Average.
Applied Price – Price the Moving Average will calculate.
Timeframe – Timeframe of the Moving Average.
Line Style – Type of line to display.
Line Width – Width of line to display.
Interpolate – Transform and smooths accumulated history data of higher timeframe MA’s, making it less ”choppy”.
Setting a Moving Average to a lower timeframe won’t show unless you are in the same or lower timeframe.
Interpolation funtion will change past values, also known as repaint.
All screenshots are examples of the indicators, you are free to copy it or modify it to any way that suites you better.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)
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