Moving Average Distance Signals at a Fixed Price Threshold

Summary

This indicator signals when price moves farther than a fixed point threshold from a moving average. Its stated purpose is to mark moments when the trend force, measured by price deviation from the average, exceeds the configured limit. The threshold is set through a pip-level input, and the output is described as a semaphore-style signal.

The document identifies the indicator's original author and notes that it was first implemented in MQL4 and published in 2007. It gives no rules for entering or exiting trades, no market or timeframe guidance, and no performance evidence. The threshold is expressed in points, so interpretation may depend on the instrument's price scale and the chosen setting; traders would need to evaluate the signal and risk controls independently.

Key ideas

• The indicator signals when price deviation from a moving average exceeds a fixed threshold.
• The threshold is configured in points through an input parameter.
• Its description treats larger deviations as a measure of trend force.
• The document offers no performance results or complete trading rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.