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Alchemy Multiple Moving Averages Crossover Indicator was designed
to allow a trader to take advantage of the various types of
moving averages available in TradeStation and combine them
into a 2 line or 3 line moving average indicator with a crossover
feature. Currently, different types of moving averages i.e.;
simple, exponential, weighted, etc., cannot be mixed with
the standard set of indicators in a crossover feature. The
Alchemy Multiple Moving Averages Crossover Indicator removes
that limitation and allows any combination of moving averages
to be used with a crossover alert feature. This gives the
trader much more flexibility in defining and observing moving
average crossovers. Our Alchemy Multiple Moving
Averages Crossover Indicators contain moving average cross plots
as well as integrated optional bullish and bearish paint bar
alerts . The moving average lines contain various
coloring features based on their slope or their relative
positioning.
Moving
averages are one of the oldest and most used technical indicators
in existence. Traders can use the Alchemy Multiple Moving
Averages Crossover Indicator to customize their moving average
crossovers with all the available moving averages included
in TradeStation.
Many
traders use moving averages and crossings of different moving
averages to help them determine trend changes or the strength
of a trend. For example, using a 2 line simple moving average
with lengths of 5 for the fast average and 20 for the slow,
a cross of the 5 period moving average up through the 20 period
would signal the possibility of a bullish trend change. Also,
if the 5 period crossed up through the 20 period and began
to separate and continue moving further away from the 20 period
average, this would indicate a strengthening trend. A popular
moving average method is the use of 3 moving averages with
different lengths. Use the flexibility of the Alchemy Multiple
Moving Averages Crossover Indicator to customize and monitor
your own moving average method.
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