This is a template of the new indicators SpaghettiFX which is based on the relationships among multiple moving averages:

The indicators were obviously inspired by GMMA (Guppy Multiple Moving Average), however they introduce some new calculations for generating pretty interesting trading signals.

We took the very good idea of representing the two “sides” of the market: the long term traders and short term traders. By using two sets on MAs with different periods we can graphically see how they are “moving”. But this is not easy to trade as they are purely graphical representation of the two sides. It’s not easy to understand when to enter, exit, trade or not trade.

So we decided to find a way to “read” them in an undisputable way. And we created two new indicators for that.

It’s very important to stress that these indicators have no repainting and are based on a single currency and single timeframe, therefore they can be easily backtested

But let’s go more in depth.

The two indicators are the SpaghettiFX and SpaghettiFX signal.

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