3 Moving Averages Fan Forex Indicator
The 3 Moving Averages Fan indicator is composed of the 5,21,55 MA’s and gives you trend direction on the M1, M5, M15, M30, H1, H4, D1, and W1 forex charts. A blue arrow suggests an uptrend while a red arrow suggests a downtrend. Green bullets indicate that the price trades above (for blue arrows)/below (for red arrows) the moving averages fan.
Buy signal: wait for a blue arrow + green bullet
Sell signal: wait for a red arrow + green bullet
More accurate B/S signals: Wait until you see at least 5 blue arrows/5 red arrows for a strong trend.
Currency pairs: any
Preferred Time frames: any
Configurable Indicator Options
Timeframe(s), MA, FanUp, FanDown, Color,…