MA Crossover Alerts Indicator
MA crossover alerts indicator for mt4. Trend reversal forex indicator.
CATEGORIES: TREND, MT4, SIGNAL, INFORMATIONAL
Updated on: 12.12.2023
The MA crossover alerts indicator for MetaTrader is the best indicator for trading moving averages crossover. It gives you signal alerts once two moving averages (fast and slow MA) cross each other.
The MT4 indicator assists you to identify different trading opportunities during trend reversal and continuation of a trend. The aim is to notify you once the two moving averages crossover, which could be potential trading setups.
The Moving Average crossover alert indicator paints a BUY/SELL arrow signal immediately after the fast and small moving averages crossover. The indicator looks simple on charts and doesn’t make your trading dashboard look messy as both moving averages are hidden from the chart.
This makes it convenient to use this indicator since it doesn’t interfere with the candlesticks view on your chart. Moreover, the indicator can be integrated into scalping, day, intra-day, or swing trading.
However, this MT4 indicator shouldn’t be used in isolation. It should be used as a confluence with your trading strategy or with price action. It is also recommended to use it in the company of other trading indicators. This is because moving averages do lag behind price.
How To Use The MA Crossover Alerts Indicator For BUY/SELL Signals
The above chart shows the MA crossover alerts indicator for MT4 in action on a USD/JPY chart. The indicator paints an arrow signal once a crossover happens between the fast-moving average period 6 and the slow-moving average period 480.
The indicator is recommended for both beginners and experts forex traders. It gives more reliable trading signals on the higher timeframes. This is because the lower time frames have too many noises.
While it is true that moving averages, crossover shows potential trading opportunities, however, not all crossovers are valid signals. So, the indicator is best used with price action or any trading strategy.
For instance, the above signal depicts a valid BUY setup. The MA crossover alerts indicator painted a BUY signal arrow which coincides with a bullish engulfing candlestick pattern. The BUY arrow acts as a confluence with the engulfing pattern to confirm that the market is in an uptrend.
Consequently, the signal was right. The market moved a few pips upward. This is just a typical way of putting this indicator to good use. You can also use the indicator to Take Profit or cut losing trades, especially when it gives the opposite arrow that aligns with price action.
Conclusion
The MA crossover alerts indicator for MT4 is chart-friendly and can potentially increase your winning trades when used tactically. Finally, the indicator is free to download and easy to install.
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