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Version: 3.0

Example I4: Four indicator lines combined

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example employs four different moving averages with various conditions to create a comprehensive signal filter. Each average must meet specific gradient requirements for positive signals. The SMA and EMA use crossing conditions while LWMA and SMMA require positive slopes.

Multiple indicator confirmation dramatically reduces false signals by requiring agreement from different calculation methods. Each moving average type responds differently to price changes, so unanimous agreement indicates strong trend conditions. The 100-period SMMA provides long-term trend confirmation.

This complex filtering system demonstrates how multiple indicators can work together without creating contradictory signals. The graduated approach from fast to slow averages ensures both short-term momentum and long-term trend alignment.

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long signals only drawn
  • General signal visualization = On

Signal Generation - Indicators - SMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = SMA
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators - EMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = EMA
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicators - EMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = LWMA
  • Gradient condition = Greater Limit 1
  • Gradient limit 1 = 0.00000000
  • Draw in chart = On
  • Drawing slot = 3

Signal Generation - Indicators - SMMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = SMMA
  • Period = 100
  • Gradient condition = Greater Limit 1
  • Gradient limit 1 = 0.00000000
  • Draw in chart = On
  • Drawing slot = 4

Signal Generation - Indicator Combinations (SMA & EMA)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = SMA
  • Input indicator 2 = EMA
  • Value relation = Value x cross value x

Screenshots​

Example I4: Four indicator lines combined.webp