Trend Tracker Indicator MT4

Trend Tracker Indicator MT4

Summary

The Moving Average Trend Tracker indicator compares 3 Moving Averages (MA) – fast, medium and
slow – and outputs the correlation between the trends from strong downtrend through ranging to strong uptrend.

The 3 MAs to be correlated are input by the user and are defaulted to 20, 50 and 200 SMA. All MA types are also supported (simple, exponential, etc.). The result is displayed as a set of coloured bars in an indicator window for the current timeframe.

Key Benefits

Moving averages are a common tool used to analyse markets. The Moving Average Trend Tracker is a useful tool that automatically compares 3 sets of moving averages.

The output is then displayed visually so that you can quickly see the current and past trends in these moving averages.

 

For full indicator details and inputs visit the indicator page HERE

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