Displaying Higher-Timeframe Moving-Average Trend Signals
Summary
This indicator displays the trend state or trade direction generated by a companion ForexProfitBoost signal indicator. It represents continuation with a horizontal arrow and a changed trend with a diagonal arrow; color and direction convey the bias. The underlying signal settings include the selected market and timeframe, plus two moving averages whose periods, calculation methods, and applied prices can be configured.
The indicator can show a chart label and place the signal symbol at configurable locations, and it can issue sound or other configured alerts. The selected signal bar determines which bar is evaluated, with the current bar as the default. The document describes presentation and configuration rather than the logic used to generate the underlying signals, and it supplies no backtest, performance results, or rules for acting on alerts. It also depends on the separate compiled signal indicator being installed, so the displayed trend or direction cannot be assessed from this description alone.
Key ideas
- The indicator visualizes trend continuation or a change in trade direction from a separate signal indicator.
- Two configurable moving averages are among the inputs used by the underlying signal calculation.
- A chosen timeframe and signal bar determine which data point supplies the displayed indication.
- Chart placement, colors, labels, and audio alerts are configurable presentation features.
- The document gives no performance evidence and does not explain the companion indicator’s full signal logic.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.