STAR 13×68 MAs TT Arrow Trading Indicator
STAR 13×68 MAs TT Arrow Trading Indicator - this is another variant of using the fan in trading on the currency market moving averages.
In the indicator STAR 13×68 MAs TT, by default, implemented Moving Average of the following periods: 16, 3, 26, 5, 34, 7, 42, 8, 52, 10, 68, 13, 94, 18, 110, 21.
A signal in the form of an arrow appears when the moving average of the oldest period (110 by default) is "bent".
Unlike its counterparts, the STAR 13×68 MAs TT indicator has parameters that are convenient for its fine-tuning:
- The xSpeedFactor and FiboFactor are two additional multiplication factors for periods;
- FilterPips - how many pips to add/subtract from the moving average for the inflection to be considered valid;
- ShowSpectrum13 - show moving averages with small periods (3, 5, 7, 8, etc.).
The idea of a moving average fan is far from new, but STAR 13×68 MAs TT Arrow Trading Indicator demonstrates its very effective implementation, which certainly deserves the attention of traders.