MovingAvg2Line Cross

Definition

This indicator calculates a fast MA and a slow MA. Their lengths can be changed in the indicator settings (the default is 9 and 18). When the fast MA crosses above the slow MA, the strategy enters a long. If the fast MA crosses below the slow MA, the strategy enters a short.

Summary

The MovingAvg2Line Cross strategy uses two moving averages to define whether the strategy goes long or short. The moving averages can be adjusted in the strategy settings. The defaults are 9 and 18, but they can be changed to the needs of the user. The strategy enters long when the fast moving average crosses about the slow moving average and it enters short when the fast moving average crosses below the slow moving average. Both swing traders and momentum traders may find this strategy useful.