This is a lower block indicator. It helps us to follow the moving average crosses in the lower section in a single indicator without adding any moving averages in the main window.
When MA1 breaks MA2 up, the background color turns green or otherwise, the background becomes red. If you want, you can follow the lines of moving averages in here.
Three averages can be used in the system.
- SMA(Simple Moving Average)
- EMA(Exponential Moving Average)
- WMA(Weighted Moving Average)
Thanks
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