MTF MA plots any types of moving averages on any time frame. You can track daily moving averages on 30m chart for instance. This allows you to track everything on one chart. You will have more space for other currency pairs.
Moving averages are widely used in the forex trading. They are used to identify the trend direction as well as to locate support/resistance zones.
MTF Moving Average MT4 Indicator – is based on moving averages, you can use it for stop loss or regular trading. Price above indicator – up trend, below down trend.
tf – timeframe source
period – the period of sliding
method – the method of averaging the data set
shift – shift respectively