The Moving Average is one of the most widely used technical analysis tools. It is a line drawn on the chart that represents the average value of an asset's prices over a number of periods. The user only needs to select the type of average desired.

Moving averages can be used to analyze trends, identify potential price reversals, and create buy or sell signals.

Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

Parameters

In the Parameters section you can change:

• Input: The price data to use for calculation (Close, Open, High, Low and volume)

• Length: The number of periods for the moving average calculation (default: 21 periods)

• Type Average: Choose the type of moving average (Simple, Exponential, Triangular and Weighted)

Alert

There is also the option to enable notifications:

• Enable Alert Sound: Trigger sound alerts for specific events

• Enable Alert Message: Show popup alerts on the screen

• Alert Name: Custom name for the notification

Subgraph

In the Subgraph section you can change the style and colors of the moving average:

• Moving Average Color: Set the color of the moving average line

• Secondary Color: Set an optional secondary color

• Subgraph Style: Choose the display style 

• Line Style: Define the line style 

• Line Width: Define the width of the line

• Use Secondary Axis: Option to display on a secondary axis