With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.
Can a single indicator show the right direction of the future price, without changing its parameters over 14 years’ history, while at the same time remaining adequate during sideways trends?
The answer is yes.
There is an indicator with a quite powerful and efficient adaptive mechanism to changing market conditions.
This new forward-looking trend indicator developed by ExcStrategy team uses adaptive four-level averaging.
A unique averaging formula allows you to adjust the indicator (define the regularities) to any peculiarities of a currency pair or any other instrument. Now, in order to get profit, you only need one indicator and this is only the beginning. Fouraverage is highly beneficial when combined with other tools or used as signal filter.
The indicator features a function that draws arrows and displays the result of the previous indicator-based trade. This is very useful when backtesting.
The indicator is not redrawn on completed bars. If the bar is closed, the indicator values remain unchanged.
The indicator works on any time frame from M1 to MN.
FourAverageMT5 indicator is the same as the one for MetaTrader 4: https://www.mql5.com/en/market/product/3901
A detailed description of the indicator can be found at: https://www.mql5.com/ru/blogs/post/730215