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Re: Moving Average indicators for MT4

Banzai, Sun Jan 19, 2020 6:26 am

What if you want to display the line chart in 3 different colors?
Green for uptrend.
Red for downtrend.

Here's the trick. Set the Moving Average indicator to EMA (1, close).

Attached is a template to do just that.

Now you can see the "Head and Shoulder" pattern.
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