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Using Moving Average Crossings to Set Sequential Price Targets

Article MQL5 code base
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Summary

The indicator description proposes using four simple moving averages as successive target areas. After price breaks the 20-period average, it points to the 50-period average as the next level; a break of that level points to the 100-period average, followed by the 200-period average. The indicator displays target levels, while the moving averages themselves are not included.

The document offers only this rule of thumb and no chart evidence, test results, entry or exit rules, or risk controls. It does not specify the market, timeframe, or what counts as a confirmed break, so the levels should be understood as a simple directional target concept rather than a validated forecasting method.

Key ideas

  • The indicator maps a break of one moving average to the next longer average as a target area.
  • The proposed sequence uses 20-, 50-, 100-, and 200-period simple moving averages.
  • The indicator shows target levels but does not include the moving average lines.
  • No performance evidence or risk-management rules are provided.

Tags

Technical indicatorsBreakout

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