Forex Ma By Ma indicator

Forex Ma By Ma indicator:

A colored cloud using two consecutive averages of the price series.

The idea of the indicator: a moving average of another moving average. This is a good alternative to two moving averages in simple trend trading systems. The author’s studies clearly show significant advantages of this signaling system as compared to a system based on two moving averages – therefore, the author recommends that all traders who use crossing of moving averages switch to MaByMa.

Test results:

Forex Ma By Ma indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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