The XLV Moving Average Color indicator uses exactly the same data as the standard moving average in MetaTrader, it automatically changes the color of the line according to its direction.
The indicator has a parameter for enabling alerts when the color changes, thus helping the trader to identify new market trends.
- Period – The period of the moving average for the calculation;
- Method – Moving Average method;
- Applied-The price used;
- Shift – Offset of the moving average;
- Alert-Enables / disables the notification when the color changes.
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