Indicator: - 4 adjustable length MA's - Set to EMA by default, can switch to SMA - You can also hide one or more moving averages if you want
Uses: - MA's chop in sideways markets, but are good for confirming trend reversals - Can look at one short MA crossing over/under another - Can look at short MA's crossing over/under long MA's - Longer MA's can be used as support levels/zones for price on higher timeframes
The adjustable MA ribbon saves taking up multiple indicator slots on the chart.