A unique moving average indicator using separate calculations for positive and negative candles, with optional Heikin Ashi smoothing to help identify trend dynamics and market sentiment.
Explore complementary indicator rolesHow it works
This indicator calculates two distinct moving averages based on positive and negative price candles. When the current bar is positive, the negative moving average uses its last known negative bar for calculation.
The default setting utilizes Heikin Ashi candles to smooth and enhance trend visualization, though this feature can be disabled. By tracking separate moving averages for positive and negative price movements, the indicator provides a nuanced view of market momentum and potential trend shifts
Why it may be useful
Traders benefit from this indicator's ability to distinguish between positive and negative market movements more precisely than traditional moving averages. By separating candle types and offering Heikin Ashi smoothing, it helps identify subtle trend changes and market sentiment shifts.
The dual moving average approach provides deeper insights into price action, allowing traders to make more informed decisions about potential trend reversals or continuations
When to explore it
This indicator works best in markets with clear directional movements and when traders want to capture nuanced trend dynamics. It is particularly useful in volatile markets where distinguishing between positive and negative price actions can provide strategic advantages.
Traders should apply this indicator across various asset classes, from stocks to cryptocurrencies, and combine it with other technical analysis tools for comprehensive market analysis
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
