FXI Moving Average

[gracefr]

Hi,

What does the stars and circle on the FXI moiving average line mean?

[EugeneFXI]

Hi Grace,

There are 3 different visual effects for the FXI Moving Average indicator:

1. Red Star = price is within 20 points of the moving average
2. Yellow Star = same as Red Star, AND Stochastic is in oversold or overbought zone
3. Dotted Line = 200ma equivalent on a higher timeframe (ie: H1)

Hope that helps!

[gracefr]

In your trading system, what does the yellow star indicate (in terms of entrance/exit point)?

[EugeneFXI]

A yellow star means that most of the entry criteria are present - you would still need to wait for a stochastic crossover before entering. Check out the 200MA strategy reference and lesson video here:

http://forums.fxinstructor.com/showthread.php?t=138

That should give you a good idea of how this strategy works under the hood.