Any change of a time frame is accompanied by automatic recalculation of the MA period. If the trader opens a MN1 chart, the indicator automatically sets the MA period to 12 to compare the current price to its average value for a year based on the count of periods (bars) in the year. If the trader opens a one-week chart, the simple moving average line is automatically set to period 52, which is equal to the number of weekly bars in the year.
When opening a one day chart, the MA line is recalculated based on the number of trading days (displayed candlesticks) for a month with the five or six bar daily candlesticks. All periods smaller than one day up to 1 hour are recalculated relative to weeks, and periods of less than an hour – relative to daily bars displayed on the chart. Sample SMA calculation for a 5-minute chart. A daily trading period on the charts for currency pairs consists of 1,440 minutes. Therefore, 1440 minutes / 5 minutes = 288 MA period. A CFD session lasts 6 hours. ( 6 * 60 = 360 / 5 = 72 – MA period. If the session lasts 8 hours, the calculation would be 8 * 60 = 480 / 5 = 96 MA period.
With the indicator the trader doesn’t need to select MA periods for different time frames.
Interpretation of the indicator is as follows. If the current price of the selected time frame is above the average price of the instrument, you should buy. If the current price for the selected time frame is below the average price of the instrument, you should sell.
It has been noticed that good market entering points are at the moments when the price first crosses the price MA line and then re-approaches it and forms a reversal candlestick pattern or a combination towards the main price movement direction in the selected time frame. Or when it breaks a formed high (low) price after the price crosses the adaptive MA. The Stop Loss is set to the oppositely directed extremum. Easy to understand and easy to use, a very accurate indicator.
MT5 Indicator – Download Instructions
TF Adaptive Moving Average is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
TF Adaptive Moving Average provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install TF Adaptive Moving Average.mq5?
- Download TF Adaptive Moving Average.mq5
- Copy TF Adaptive Moving Average.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on TF Adaptive Moving Average.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator TF Adaptive Moving Average.mq5 is available on your Chart
How to remove TF Adaptive Moving Average.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: