Multi-Timeframe Moving Averages with Trails and a Live Price Line
Summary
This MetaTrader 5 indicator displays a moving average calculated on a selected timeframe, with options for showing its history as a trail and marking its latest value with a horizontal price line. It uses user-selected period, method, and applied price settings. When the chart timeframe is lower than the selected timeframe, the higher-timeframe average is shown on the chart. When the chart timeframe is higher, the indicator limits or hides lower-timeframe values.
The description says the average is calculated from real-time values and gives an example in which this indicator matches MetaTrader 5’s built-in moving average on a different chart timeframe. The trail can show a chosen number of bars, while the horizontal line updates with each tick and provides a visual reference for the current average. These features can help with chart inspection and identifying possible support or resistance areas, but the document offers no strategy rules, backtest, or evidence that those levels predict price behavior.
Key ideas
- The indicator displays a moving average from a selected timeframe on the current chart.
- Its display behavior changes depending on the relationship between chart and selected timeframes.
- A configurable trail shows past average values while limiting chart clutter.
- A horizontal line follows the latest moving-average value and updates with incoming ticks.
- The document describes charting features but provides no evidence of trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.