i-L_MTF_3_MA indicator: universal moving average

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i-L_MTF_3_MA indicator is a modification of the standard trend indicator of the MetaTrader 4 platform Moving Average.

The i-L_MTF_3_MA indicator allows drawing three moving averages from any selected timeframe on the price chart of a currency pair. In this case, for each moving average it is possible to adjust the period, calculation method and averaging method.

The above H1 chart shows three exponential moving averages, with a period of 50 and the averaging methods High, Open and Median, taken from the chart H4.

According to ForTrader.org experts, more effectiveness can be achieved by applying several i-L_MTF_3_MA indicators with different parameters on the price chart, which will make it possible to more accurately identify market entry points and support and resistance levels.