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HighTF Moving averages
Part of the PPA indicator set
Used as dynamic areas of support and resistance meaning it can be used as TP or SL areas or entries when combines with a price action signals. It can also provide insights to the current trend and trend strength of the higher timeframe.
Description
Moving averages serve as vital tools in trading, acting as dynamic areas of support and resistance. While both types are useful, Simple Moving Averages consistently outperform Exponential Moving Averages in terms of significance. Among these, the 40-period average is especially noteworthy across various timeframes. Its consistent performance offers traders a reliable metric for trend identification and strategy formulation.
How can the indicator be used?
Find support and resistance levels
Input to your manual trading
Find better TP andSL levels
Input to your automatic system
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Release date
Sept 2023
Market
Which ever