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.
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.
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.
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.
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.
MT5 Indicators – Download Instructions
3 MA Cross Alert Warn Sig Indicator for MT5 is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
3 MA Cross Alert Warn Sig Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install 3 MA Cross Alert Warn Sig Indicator for MT5.mq5 to your MetaTrader 5 Chart?
- Download 3 MA Cross Alert Warn Sig Indicator for MT5.mq5
- Copy 3 MA Cross Alert Warn Sig Indicator for MT5.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on 3 MA Cross Alert Warn Sig Indicator for MT5.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator 3 MA Cross Alert Warn Sig Indicator for MT5.mq4 is available on your Chart
How to remove 3 MA Cross Alert Warn Sig Indicator for MT5.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
3 MA Cross Alert Warn Sig Indicator for MT5 (Free Download)
Click here below to download: