Moving Average Deviation (Titan_Multi_MA_Deviation)
Indicator Overview
Displaying the Deviation Rate from the Moving Average
This indicator can display the deviation rate from the moving average line either as a histogram or a line. It can be used in various scenarios to gauge the potential for trend emergence or to detect overheating in the short-term market conditions based on the degree of deviation from the moving average line.
The target moving average line can be based on the chart's timeframe or even longer timeframes than those of the chart.
Additionally, users can choose from four types of moving averages: Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA), and Linear Weighted Moving Average (LWMA). You can display the deviation rate of the moving average type that you prefer.
【Example of Display as Histogram】
【Example of Display as Line】
Key Point 1: Possibility of Trend Initiation When a Certain Deviation Occurs
When a certain deviation from the moving average line occurs, there is a possibility that it is the beginning of a trend. It is important to check if the trend continues after such a deviation rate occurs.
【Example of Analyzing Trend Initiation Using Moving Average Deviation Rate】
Key Point 2: Short-term Market Overheating When Exceeding a Certain Deviation Rate
A significant deviation from the moving average line can indicate a potential overheating in the market in the short term. It's advisable to investigate if the market is overheating while considering past price movements.
【Example of Analyzing Market Overheating Using Moving Average Deviation Rate】
※ This indicator is only compatible with TitanFX's Windows version of MT5 and MT4.
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Indicator Settings
Input Settings (For MT5) / Parameter Input (For MT4)
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Specifies the moving average timeframe to display. Select 'current' to display the moving average for the chart's timeframe. | current |
| Period | Specifies the period for the moving average. | 20 |
| Moving average type | Selects the type of moving average: Simple (SMA), Exponential (EMA), Smoothed (SMMA), Linear weighted (LWMA). | Simple |
| Applied price | Specifies the price to be used. | Close price |
| Histogram/Line | Choose between displaying as a histogram or a line. | Histogram |
Color Settings (For MT5) / Color Configuration (For MT4)
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Color, thickness, and type of line when displayed as a line |
| 1 | 1 | Color and thickness when the histogram value is positive and has increased from the previous bar |
| 2 | 2 | Color and thickness when the histogram value is positive and has decreased from the previous bar |
| 3 | 3 | Color and thickness when the histogram value is negative and has decreased from the previous bar |
| 4 | 4 | Color and thickness when the histogram value is negative and has increased from the previous bar |