How to use MT5/MT4
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This indicator fills the chart background when the moving average value rises or falls compared to the previous bar. The background color allows for quick recognition of price direction, enabling faster analysis.
【Example displayed with a moving average】
You can freely choose the period and type of moving average, and even display the moving average from a higher timeframe, making it useful for identifying major trends.
【Example of displaying the 1-hour moving average state on a 15-minute chart】
※ This indicator works only with the Windows version of TitanFX's MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Select the timeframe for the moving average. Choosing "current" will apply the moving average to the current chart's timeframe. | current |
| Moving Average Period | Specifies the period of the moving average. | 20 |
| Type of Moving Average | Select the type of moving average: Simple (SMA), Exponential (EMA), Smoothed (SMMA), or Linear Weighted (LWMA). | Simple |
| Applied Price | Specifies the price to be used for the moving average. | Close price |
| Color (Uptrend) | Specifies the background color when the moving average is trending upwards. | PaleTurquoise |
| Color (Downtrend) | Specifies the background color when the moving average is trending downwards. | LightPink |
This indicator does not use this tab.
