Value Moving Average — Indicator by OasisTrading

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This indicator is free to all Oasis Trading Group members.

The Value Moving Average is very simple, it takes 3 moving average values and gives you an average of them.

It is designed to be used with 1 short term, 1 mid term, and 1 long term value.

When given the right values it can act as a very strong signal of trend and help find when price is retracing to "value".

A good signal is when price breaks the Value line and reclaims it for the bulls or bears.

Because of the long term value added into the formula it wont chase price movements very rapidly, so it can act as a good trend indicator when shifting direction or following price during impulses.

Website

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Invite-only script

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