Index Moving Average leading trading indicator

Index Moving Average Trading Indicator is based on the simple moving average and shows the rate of change of the simple moving average. The indicator is designed for the MetaTrader 5 terminal.

The direction of the Index Moving Average indicator coincides with the direction of the daily bars. Local highs and lows of the indicator correspond to the local trend reversal points. The indicator is leading and shows the rate of price change and anticipated price reversal.

In practical calculations Index Moving Average trading indicator shows itself well on the daily chart and prefer to take a moving average period of 5, and prices - as the average between the high and low of the day HL/2.

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