Triple Moving Average Indicator

The Moving Average is one of the most popular indicators. During the period defined, the average price of each bar or candle is calculated and plotted on the chart. On every candle, a new average price is calculated, which becomes a line when plotted on a chart, hence the name “Moving Average Line.”.

The Moving Average is used as a trend following indicator. By selecting the Triple Moving Average indicator, the user will be able to plot three Moving Average lines at once on the chart.

The Triple Moving Average indicator plots three lines on the chart.

• Line 1 is the short-term moving average
• Line 2 is the medium-term average
• Line 3 is the long-term average

The indicator helps to identify the trends of an instrument over the short, medium, and long term.

The trend of the price is considered strong and bullish when all three average lines are rising and the short-term moving average is above the medium-term average line and the medium-term average line is above the long-term average line. In addition to this, if the price of an instrument is trading well above all of the moving averages, it is considered a strong bullish trend.

The trend of the price is considered strong and bearish when all three average lines are falling and the short-term moving average is below the medium-term average line and the medium-term average line is below the long-term average line. In addition to this, if the price of an instrument is trading well below all of the moving averages, it is considered a strong bearish trend.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.