[Guidelines] Multi MA+++ indicator

Introduction

Moving Average or MA is a dynamic Support – Resistance line that is formed by smoothing the price movement. It removes price noise to form a line that shows the average price of the asset over a period of time. There are different types of moving average based on different calculations. Each type of moving average has its own pros and cons.

The Moving Average (MA) indicator is an indicator with a long history and is used by almost all traders in all markets. This indicator helps to predict the price trend effectively when there are crossover signals (break through Resistance – Support levels).

Based on the MA indicator, traders can see the trend of the market and determine the trend reversal point to make a Buy – Sell decision.

An experienced trader often uses a variety of moving averages and/or simple to advanced crossovers for a more precise trading condition. A simple MA indicator usually does not provide the ability to do these things. That’s why Safe Trading developed the Multi MA+++ indicator with many advanced features.

Add Multi MA+++ into chart

1. Open the chart and choose the timeframe you would like to trade
2. Click. “Indicators” (In the top tool bar)
3. Select “Invite-only scripts” category
4. Select [SAFE] Multi MA+++ to add this indicator into chart
5. Open Settings panel by clicking the gear icon to change indicator’s settings

Multi MA+++ settings

MA Settings

• Type: Type of MAs. This type will be applied for all MA lines. There are 10 difference MA types: SMA, SMMA, EMA, DEMA, TEMA, ZEMA, HMA, RMA, WMA, VWMA.
• Source: Data source for calculation. “close” is the common option. However, you can use any data source you prefer.

Short-Term Settings

• Fast Length: The length parameter to calculate fast MA line for Short-term
• Slow-Length: The length parameter to calculate slow MA line for Short-term
• Cloud: Check/Uncheck to fill the space between MA lines to show them as MA ribbons.

The way to set up Medium-Term and Long-Term is the same as above.

Signal Settings

• Short-Medium Cross Up/Down: Check/Uncheck to turn on/off showing cross up/down signal when the Short-Term MA cloud cross up/down the Medium-Term MA cloud.
• Short-Long Cross Up/Down: Check/Uncheck to turn on/off showing cross up/down signal when the Short-Term MA cloud cross up/down the Long-Term MA cloud.
• Medium-Long Cross Up/Down: Check/Uncheck to turn on/off showing cross up/down signal when the Medium-Term MA cloud cross up/down the Long-Term MA cloud.

Use Multi MA+++ in trading

Multi MA+++ indicator provides flowing information:

• MA lines present average price in difference period of time. You can customize the color of each line as you prefer.
• MA ribbons for difference terms are formed by compose MA lines. You can customize the color of each ribbon as you prefer.
• Cross up/down points of MA ribbons are marked with difference symbols: Triangle symbols present the points where Short-term ribbon crosses up/down Medium-term ribbon; Crossing symbols present the points where Short-term ribbon crosses up/down Long-term ribbon; Dimond symbols present the points where Medium-term ribbon crosses up/down Long-term ribbon.

These are many difference ways to use MA lines as trading condition. Some of them as below:

• Each MA line is a dynamic support/resistance level. So you can choose to buy/sell when close price crosses up/down a MA line (It means a support/resistance level is broken).
• You can choose to buy/sell when a fast MA line crosses up/down a slow MA line (It means the trend is changing from downtrend to uptrend and vice versa).
• Some experienced traders can use MA ribbons crosses up/down as a safety trading condition. This is also a signal to show trend is changing.

Multi MA+++ alert conditions

• Short-Term Cross Up: When fast line in Short-term crosses up slow line.
• Short-Term Cross Down: When fast line in Short-term crosses down slow line.
• Medium-Term Cross Up: When fast line in Medium-term crosses up slow line.
• Medium-Term Cross Down: When fast line in Medium-term crosses down slow line.
• Long-Term Cross Up: When fast line in Long-term crosses up slow line.
• Long-Term Cross Down: When fast line in Long-term crosses down slow line.
• Short – Medium Cross Up: When Short-term ribbon crosses up Medium-term ribbon (Both Short-term lines cross up Medium-term lines)
• Short – Medium Cross Down: When Short-term ribbon crosses down Medium-term ribbon (Both Short-term lines cross down Medium-term lines)
• Short – Long Cross Up: When Short-term ribbon crosses up Long-term ribbon (Both Short-term lines cross up Long-term lines)
• Short – Long Cross Down: When Short-term ribbon crosses down Long-term ribbon (Both Short-term lines cross down Long-term lines)
• Medium – Long Cross Up: When Medium-term ribbon crosses up Long-term ribbon (Both Medium-term lines cross up Long-term lines)
• Medium – Long Cross Down: When Short-term ribbon crosses down Long-term ribbon (Both Medium-term lines cross down Long-term lines)