The indicator is suitable for both novice and professional traders.
Crossbow is a new generation moving averages.
The indicator uses two lines: the first – the third generation (3dg) moving averages, the second – a simple moving average (SMA).
* 3DG is:
SMA delayed relative 3dg, intersections are used as input / output signals.
The tilt indicator accurately reflect the overall trend. Condition for entry: crossing 3dg and SMA.
The increased distance between the lines gives a clearer idea of the strength of the trend.
- MA_Period (default = 50) – the period of moving average Crossbow.
- MA_Method (default = 1) – a method of moving average.
- MA_Applied_Price (default = 10) – the price for the moving average calculation.
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