The XLV Moving Average Color Indicator uses exactly the same data as the standard moving average of metaTrader, it automatically change the color line as the direction of it.

The indicator has a parameter with the alert function that is thrown to the color change, thus helping the trader to identify new trends of the market.

Attention: In lateral movements the indicator repaints in next bar

Input Settings

• Period - Moving Average period for calculation;
• Method - Moving Average method;
• Applied - Applied price;
• Shift - Moving Average displacement;
• alert - On/Off the alert to exchange color (Candle Close).