This indicator will display a non-lag moving average in two colors, one for the up trend and a different one for the down trend. Depending on the market’s conditions, the nonlagMA can be successfully used not only to identify the trend, but also to precisely spot entry and exit trade levels.
The most important of its settings is the Length, which will determine the color change. In the photo, the Length is set to 24. There also a possibility to change the shift of the moving average; this is called Displace. The indicator has alerts, too, which are disabled by default. Once activated, you will get on screen alerts and push notifications (if you have the MT installed on a mobile device).
The RobotFX nonlagMA indicator is used by our RobotFX Fluid EA
A Profit-Taking tool is the last type of indicator that a forex trader needs is something to help determine when to take a profit on a winning trade. Here too, there are many choices available. In fact, the three-day RSI can also fit into this category. In other words, a trader holding a long position might consider taking some profits if the three-day RSI rises to a high level of 80 or more. Conversely, a trader holding a short position might consider taking some profit if the three-day RSI declines to a low level, such as 20 or less.
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