3 MA Cross Alert Warn Sig Indicator for MT5

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3 MA Cross Alert Warn Sig Indicator for MT5

Introduction to the 3 MA Cross Alert Warn Sig Indicator

Moving average crossover is one of the most basic trend reversal signals that traders use. In fact, some would use it as their main trading strategy.

The 3 MA Cross Alert Warn Sig Indicator was developed based on the concept of moving average crossovers used as trend reversal signals.

What is the 3 MA Cross Alert Warn Sig Indicator?

The 3 MA Cross Alert Warn Sig Indicator is a trend following signal indicator which is based on the concept of multiple moving average crossovers.

This indicator is primarily a trend reversal signal indicator. It plots arrows to point the direction of a trend reversal whenever it detects a potential trend reversal. It plots a blue arrow pointing up whenever it detects a bullish trend reversal, and a red arrow pointing down whenever it detects a bearish trend reversal.

3 MA Cross Alert Warn Sig Indicator for MT5

How the 3 MA Cross Alert Warn Sig Indicator Works?

The 3 MA Cross Alert Warn Sig Indicator uses an algorithm which detects moving average crossovers. It uses three underlying moving average lines as a basis for its trend reversal signal. It detects a trend reversal whenever a pair of moving average lines cross over. It then plots an arrow pointing the direction of the cross over. It plots a blue arrow pointing up whenever a faster moving average line crosses above a slower moving average line, and a red arrow pointing down whenever a faster moving average line crosses below a slower moving average line.

Since there are three moving average lines, there would also be three possible instances wherein a moving average line pair would cross over, which is why there are times when there are three succeeding arrows pointing the direction of a trend reversal.

How to use the 3 MA Cross Alert Warn Sig Indicator for MT5

This indicator has several options and variables which can be modified within its indicator settings.

How the 3 MA Cross Alert Warn Sig Indicator Works

The settings have three sections wherein each of the three moving average lines can be modified – “_0_” for the first moving average, “_1_” for the second, and “_2_” for the third moving average line.

“Period…” refers to the number of periods each moving average would calculate.

“Shift…” allows users to shift the moving average value forward or back.

“Method…” allows users to choose the type of moving average used.

The section below allows users to toggle the different alerts and push notifications on or off.

Buy Trade Setup

When to Enter?

Open a buy order if the indicator plots an arrow pointing up.

When to Exit?

Close the trade as soon as the indicator plots an arrow pointing down.

How to use the 3 MA Cross Alert Warn Sig Indicator for MT5 - Buy Trade

Sell Trade Setup

When to Enter?

Open a sell order if the indicator plots an arrow pointing down.

When to Exit?

Close the trade as soon as the indicator plots an arrow pointing up.

How to use the 3 MA Cross Alert Warn Sig Indicator for MT5 - Sell Trade

Conclusion

The mechanics of the trade setups mentioned above is a simplistic approach to using this indicator. However, the first arrow may sometimes be not as reliable as the third since this means that only one moving average pair has crossed over. Waiting for the last arrow on the other hand might cause trades to be too late because of the lag. It is up to the trader to choose which signal he or she prefers to use.

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3 MA Cross Alert Warn Sig Indicator for MT5

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