Hey traders! If you’re looking to sharpen your trading edge, you might want to check out the Universal Trend Indicator. This nifty tool helps you identify the trend direction across multiple currency pairs right on your current time frame.
The magic behind this indicator lies in its unique approach, which compares three different Moving Averages (MAs) with varying shift parameters. This gives you a clearer picture of the market’s direction.
Input Parameters:
Let’s dive into the settings you can tweak:
- ShiftMA1 — This is your Fast EMA shift period.
- ShiftMA2 — Here, you’ll find the Intermediate EMA shift period.
- ShiftMA3 — Finally, this is the Slow EMA shift period.
Don’t forget, you can also adjust other parameters to suit your trading style. Plus, you can customize where the indicator displays on your chart for optimal visibility.
The values shown by this indicator are based on the ratio of the top row of the currency pairs compared to the side column, all while reflecting the current chart timeframe.
Display on the Chart:
Comments 0