Moving Average Ribbon is a technical indicator which displays multiple moving averages on the same chart. Each moving average is calculated using a different time period and is displayed in a unique color. The indicator is used to identify developing trends. Strong trends are identified when the lines are all moving in the same direction. A reversal can be identified when the lines change direction or cross each other.
The following inputs are available from the properties window and can be defined by the app user:
MA_Type: Specifies which type of moving average calculation the indicator will use.
MALine_width: Specifies the width of each individual moving average line in pixels
MA Color: Specifies the color of an individual moving average line
MA Period: Specifies the period of an individual moving average line
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results.
This app is only compatible with FXCM's version of MetaTrader 4. It will not operate on MetaTrader 4 software obtained from another broker. An FXCM account is also required. Individuals who do not have an FXCM account can register for a free FXCM Practice Trading Account (demo accounts) that is compatible with FXCM's version of MetaTrader 4. Demo accounts allow users to test the software in a risk free environment.