The Moving Average Dashboard Add-on shows you which currency pairs have the strongest trends across multiple timeframes. To determine the trend, it uses three individual moving averages (MVA); Short, Medium and Long term.
The dashboard will display a green arrow if the Short MVA is above the Medium MVA, and if the Medium MVA is above the Long MVA. This order of MVA’s suggests an upward trend.
The dashboard will display a red arrow if the Short MVA is below the Medium MVA, and if the Medium MVA is below the Long MVA. This order of MVA’s suggests a downward trend.
If the current price is between the Short and Medium MVA’s, it suggests that the trend is either weak or may change direction. In those circumstances a bell symbol appears next to the corresponding arrow.
This indicator was developed on FXCodebase*.
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 Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
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