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The moving average indicator as we know it is one of the most widely used technical indicators in Forex trading. Primarily used for determining Forex market trends, the moving average indicator is also used in a number of other technical analysis applications.
The popularity of this MT4 indicator comes due to its simplicity. Because the mathematical calculations behind the moving average are so easy to understand, traders at all levels find it a very comfortable indicator to start Forex trading with.
When one talks about moving averages, perhaps one of the first things that come to mind is the moving average crossover strategy.
Yet, besides this and a few other applications of the moving averages in other strategies, this versatile indicator can be used in many other ways.
In this article, we will outline a few ways you could use the moving average.
An important thing to note is that the moving average is merely a reflection of the average price.
As a result, some FX traders might find...
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