Select Language

Add moving average to chart

Moving Average (MA) is the most frequently used technical analysis method. The MA shows a line graph of the average price during a certain period (usually the close) and is used to determine trends. There are several types of MAs including the Simple Moving Average (SMA) as well as the Exponential Moving Average (EMA), which is used when you want to focus on the most recent price. Here we'll look at how to add MA to a chart on MetaTrader5 (MT5).

Step 1

Add MA from the menu

Click "Insert" in the menu. Hover the pointer over "Indicators" > "Trend" and select "Moving Average".

Add MA from the menu Add MA from the menu

Add MA from the Navigator

On the Navigator, go to "Indicators" and click on the "+" sign next to "Trend". Select "Moving Average" and drag it onto the chart you wish to apply it to.

Add MA from the Navigator Add MA from the Navigator

Or, right-click on "Moving Average" and select "Attach to Chart".

Step 1 Step 1

Step 2

The setting window for MA will appear. Set the parameters in the "Parameters", "Levels", and "Visualization" tab and click "OK".

"Parameters" tab

Parameters tab Parameters tab

Number

Item name

Descriptions

1

Period

Set the period for the MA. The unit here is the number of candlesticks. If you select the daily chart and set it to "20", the MA for the past 20 days will be generated.

2

Shift

You can shift the placement of the MA to the left or right. The unit is the number of candles. Type a positive value to move it to the right, and a negative value to move it to the left.

3

Method

Select the type of moving average to display.

Simple: simple moving average (SMA)

Exponential: exponential moving average (EMA)

Smoothed: smoothed moving average (SMMA)

Linear Weighted: linear weighted moving average (LWMA)

4

Apply to

Price to use for calculating MA.

Close: close price

Open: open price

High: high price

Low: low price

Median Price (HL/2): (high price + low price) ÷2

Typical Price (HLC/3): (high price + low price + close price) ÷3

Weighted Close (HLCC/4): (high price + low price + close price×2) ÷4

Previous indicator's data: the price data applied to the previous indicator

First indicator's data: the price data applied to the first indicator

5

Style

Set the color, line type, and line thickness for MA.

knowledge Popularized by Granville

"Granville's Law" was what made MA such a widely used concept. Granville used the MA for 200 days and grouped the data into 8 different patterns. This is where the idea of the 200-Day MA comes from. Note that "200" is the number of days. If you wish to use other increments such as hour, adjust the number accordingly.

"Levels" tab

Go to the "Levels" tab and click "Add". Enter a positive number (unit: points) to show a new MA on top, and a negative number to show a new MA on the bottom of the current MA.

Levels tab Levels tab

"Visualization" tab

On the "Visualization" tab, you can show/hide MA in the Data Window and specify the timeframes to use MA with.

Visualization tab Visualization tab

Step 3

MA will be displayed on the chart.

Step 3 Step 3
knowledge Golden cross and death cross

MA is classified into short/medium/long term and they're often used together. When the short-term MA crosses the long-term MA from the bottom up, it's called the "golden cross" which indicates a bull market. And when the short-term MA crosses the long-term MA from top to bottom, it's referred to as the "death cross", which indicates a bear market.

Golden cross and death cross Golden cross and death cross 1 Golden cross and death cross 2

Date

Created

 : 2022.07.19

Update

Last updated

 : 2022.08.08

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

arrow
Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

arrow
Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

Was this article helpful?
Thank you for your feedback.
Thank you for your feedback.

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users.Cookie policy

I agree
share
Share
Cancel