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- Forex Robot Review
- Metatrader 5
- Indicators
- MA Speedometer MT5
The MA Speedometer MT5 is a unique and practical tool for Forex traders who are looking for a non-standard approach to analyzing the market. This indicator takes a different perspective on the traditional moving average indicator by determining the strength and speed of price direction through the tilt angle of the moving average.
Instead of relying solely on the crossover of moving averages, the MA Speedometer MT5 draws a straight line between a point on the fifteenth MA candle and a point on the last closed MA candle. This line is movable and displayed on a hemisphere, which indicates the angle of inclination ranging from 90 degrees to -90 degrees. The buying area is above 30 degrees, while the selling area is below -30 degrees. Strong purchases are indicated above 60 degrees, and strong sales are indicated below -60 degrees.
What sets this indicator apart is its versatility. It can be used as a filter in existing trading systems or as the main tool for new trading systems. Additionally, the MA Speedometer MT5 shows stable growth in strategy testers, making it a valuable addition to any trader’s toolkit.
Key Features:
– StartBar: Determines the length of the speedometer needle by selecting the number of candles from the most recent.
– maPeriod: Defines the period of the moving average.
– maPrice: Specifies the price used in the moving average calculation.
– maMethod: Allows the trader to choose the method of moving average calculation.
– Notifications: Offers push, voice, and mail notifications for trading signals.
– History: Displays a line moving from 90 to -90 degrees, showing the historical angle of inclination.
FAQ:
1. How can I use the MA Speedometer MT5 in my trading strategy?
The MA Speedometer MT5 can be used as a filter in existing trading systems to confirm buy or sell signals. It can also be used as the main tool for developing new trading systems, thanks to its ability to identify stable growth in strategy testers.
2. Can I rely solely on the MA Speedometer MT5 for trading decisions?
While the MA Speedometer MT5 is a powerful tool, it is recommended to use it in conjunction with other technical analysis indicators and tools to confirm trading signals. This will help ensure a more comprehensive analysis of the market conditions.
3. Where can I find independent testing of the MA Speedometer MT5?
You can watch independent testing of the MA Speedometer MT5 on the forexroboteasy.com website. This will provide you with additional insights into the performance and effectiveness of the indicator.
Share Your Experience:
If you have used the MA Speedometer MT5 in your trading, we invite you to share your experience. Your feedback and insights can help other traders make informed decisions about incorporating this indicator into their strategies.
In conclusion, the MA Speedometer MT5 offers a non-standard approach to analyzing market trends and provides traders with valuable insights into the strength and speed of price movements. Its unique features make it a practical tool for both experienced and novice traders. Don’t miss the opportunity to explore this indicator and enhance your trading strategy.
MA Speedometer MT5 Review: Analyzing Non-Standard Approach to Moving Average Indicator
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DownTheRabbitHole
1 review
Review: Maximising Trade with MA Speedometer MT5 Forex Software
The MA Speedometer MT5 is a breath of fresh air in an industry that often feels stagnant. It's not just a simple tool, but a comprehensive one that incorporates all the usual features you'd expect from a top-tier moving average indicator. The level of precision it offers is impressive. I've traded 15 pairs using this software and the accuracy has been spot-on every time. What sets the MA Speedometer MT5 apart is its advanced functionality. It's not just about providing data, but about presenting it in a way that's easy to understand and act upon. This is where the 'speedometer' part comes in. It's a clever way of visualising the pace at which the market is moving, giving you a clear picture of the market's momentum at any given time. However, I do have one minor gripe. The name 'MA Speedometer MT5' doesn't quite do justice to this innovative tool. I propose a name change to 'Modern Moving Average Speedometer'. It's a more fitting title that reflects the forward-thinking nature of this software. I firmly believe that this is the direction in which many Forex companies will be heading in the future. In conclusion, the MA Speedometer MT5 is one of the best tools I've had the pleasure of using. It's a sophisticated, accurate, and user-friendly software that has significantly improved my trading experience. I highly recommend it to any trader looking for a modern and efficient moving average indicator. Cheers, DTRH.
ADELYN CASTILLO
1 review
forex-robot-review
The tool is practical and versatile. I receive valuable information. And then I make informed trading decisions.