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Moving Average Indicator G3

Moving Average Indicator G3

G3 Moving Average Indicator

Author: Gregor Anton

This is a spin-off from S3 with a very cool feature that’s a first for ActFX... A triangular moving average changes color to indicate trend direction based on moving averages cross overs. It uses EMA 13 and 21. If 13 and 21 are crossed completely and the trend is up, the Triangular Moving Average is Blue. If 13 and 21 are crossed completely and the trend is down, the Triangular Moving Average is Red. If 13 and 21 are not completely crossed and the trend is inconclusive, the Triangular Moving Average is Yellow. EMA 62 and 189 are also plotted for identifying major trends and cross overs. The really exciting part is that the triangular moving average changes colors to indicate the current trend direction. This indicator can be used on all time-frames but 1hr is recommended.

Download File

G3.act (5.08 KB, 434 views)

User Comments

by Edgar added Tuesday, February 23, 2010

Nice indicator, Gregor!
What rule do you use to determine if the trend is up or down?

by Gregor Anton added Tuesday, February 23, 2010

If 13 and 21 are crossed completely and the trend is up, the Triangular Moving Average is Blue.
If 13 and 21 are crossed completely and the trend is down, the Triangular Moving Average is Red.
If 13 and 21 are not completely crossed and the trend is inconclusive, the Triangular Moving Average is Yellow.

by Edgar added Wednesday, February 24, 2010

Thanks a lot, Gregor. Frankly speaking, I was trying to find out, which rule do you use in the code to find out if the trend is up (and so the color of Triangular MA should become Blue), or the trend is down (and so the color of Triangular MA should become Red). (Sorry, I am not sure if I have expressed this clear enough.)