Three Moving Averages for Simple Trend Direction Signals

Summary

This note describes a simple trend indicator built from three moving averages. It interprets an upper or lower wave approaching the zero level as a possible indication of an uptrend or downtrend. The description offers a basic signal concept: use the wave’s position and direction near zero to infer trend bias.

The page provides no moving-average periods, formula, chart interpretation beyond that summary, entry or exit rules, or testing results. It also does not explain how the three averages are combined or how signals behave in sideways markets. The indicator was originally written for MQL4 and was published in 2014, but that history does not establish effectiveness. Traders would need the actual indicator and independent testing to evaluate signal timing, false readings, and suitability for a particular market or timeframe.

Key ideas

• The indicator combines three moving averages into a trend signal.
• An upper wave nearing zero may indicate a possible uptrend.
• A lower wave nearing zero may indicate a possible downtrend.
• The page supplies no parameter values or performance evidence.

Tags

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