The 5 SMA Trend Forex indicator is established on an easy moving average. In order to sketch a purchase, an auction and flat (weak trend) candlesticks, it distinguishes the recent moving average figure with its prior one. For figures greater than one, an upward trend candle will be sketched (green). For figures less than one, a downward trend candle will be sketched (red). Flat candles (orange) will be sketched if the moving average figure did not surpass the resistance level.
For purchase signal: Green candle.
For an auction signal: Red candle.
- This forex indicator can be utilized in all currency pairs.
- It is applicable in all recommended time frames.
- It can be utilized in all endorsed trading sessions.
- Colors, resistance level, sma period and technique are the configurable options in this forex indicator.
The EUR/USD One Hour Instance Chart
Utilize this forex Indicator at your own risk. Windsor Forex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.