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Three Moving average with Binary Arrow

There are three moving averages that are commonly used by many traders to determine the 50, 100 and 200-period moving average trend. How ...

There are three moving averages that are commonly used by many traders to determine the 50, 100 and 200-period moving average trend.
How do traders use? Some use it as a price measure as expensive or cheap is based on how much the price is from these moving averages, others determine trend by identifying where the price is in relation to the moving average, some also determine trend based on how these moving averages are stacked. There are many variations of how the moving average could be used to determine the trend direction. The key is to try to be in tune with what most traders are thinking.
Trading rules Three Moving average with binary arrow
Coming from the idea of ​​determining the trend direction depending on whether the three moving averages agree, we will be basing our trend direction on how the three moving averages are stacked. On a long-term uptrend, the shorter moving average is generally higher while the long moving average is usually lower. On a downtrend, the moving average stack is reversed. We will connect exponential moving averages .
After determining trend and trade direction, we will identify the item. To determine the entry, we will use the custom indicator binaryarrows. This indicator conveniently prints an arrow when determining that the price could reverse at a certain candle. however, we will not take every arrow that appears. For the highest odds and best results, there will only be held candlesticks with long wicks or pin bar candle stick patterns.
Indicators:
50 simple moving (gold)
100 simple moving averagegreen)
200 simple moving (Brown)
binaryarrows
Time frame: any
Currency pair: any
Trading Session: any
Buy
Moving averages must be stacked accordingly:
50 EMA - top
100 EMA - Medium
200 EMA - bottom
The price should go back to the area of ​​50 or 100
A blue binaryarrow facing upwards should appear
The matching blue binaryarrow candle must be a pin bar candle with wicks at the bottom
Place a market buy order at the confluence of the above rules
stop Loss
Set the stop loss a few pips below the blue binaryarrow
Make a profit
Setting the target to take profit at the most recent high swing usually matches a red binaryarrow
Sell
Moving averages must be stacked accordingly:
200 EMA - top
100 EMA - Medium
50 EMA - background
The price should go back to the area of ​ 50 or 100
A red binaryarrow facing down should appear
The matching red binaryarrow candle must be a pin bar candle with wicks on the top
Place a sell market order at the confluence of the above rules
Stop Loss
Set the stop loss a few pips above the red binaryarrow
Profit
Setting the target to take profit at the most recent low swing usually matches a blue binaryarrow.
In the pictures exaples Three moving average with binary arrow.




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