![]() ![]() Users can also select any period of their choice. ![]() Indicator periods can be set based on default settings which include the 20,50,100, and 200-day. The Moving Average indicator in MT4 can be applied to multiple timeframes and calculation methods. Main Features of the Moving Average Indicator MT4 Good selection of calculation methods Each moving average has its own calculation method that makes each are more or less sensitive to long and short term price movements. The latter two assign weight coefficients to the latest data when computing the mean. There are 4 common types: simple, smoothed, linear, and exponential. In trading, moving averages are generally used to smooth out price action and identify price trends of an instrument. The Moving Average indicator calculates the mean/average of the instrument’s prices over a certain period of time. If you are searching for quality MA indicators, MT4’s version will fit most traders’ needs. ![]() MA is an excellent tool regardless of the timeframe of a trading system – whether short, medium, or long-term.īecause of its wide applicability, many platforms including MetaTrader 4 (MT4) added the MA as a default indicator. This indicator made its way to many trading systems more particularly on trend following systems. Moving Averages (MA) are among the most popular studies in technical analysis.
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