Hey there, fellow traders! Today, I want to share a nifty little indicator that I've been working on. This tool is designed to trigger alerts whenever the market price crosses over the moving average (MA). It's all about catching those price movements right when they happen!
You can customize the moving average period length to fit your trading style, with the default set to 200 periods. Additionally, you can define how many points above or below the MA should trigger a signal - it's all in your hands!
When using shorter timeframes, like the 2-minute or 5-minute charts, you'll want to keep the points number low, around 15 to 20. This is because price movements are typically smaller on these timeframes.
If you’re trading on a 1-hour timeframe or higher, consider using a points number of 80 or more. This helps smooth out your signals and makes your trading decisions more reliable.
The main goal of this indicator is to provide you with timely signals based on price movements crossing above or below the MA line. The earlier you catch these events, the better your chances of making profitable trades!
Understanding the Indicator Inputs
| Input | Description |
|---|---|
| Moving Average Length | This sets the period length of the moving average line. |
| Audio Alert Sample | Define the name of the audio sample you want to use. Make sure this matches the actual audio file name (it should be placed in data_folder/MQL5/Files). |
| Enable Audio Alerts | Choose true or false to decide if you want the indicator to trigger audio alerts. |
| Amount of Points on MA Crossover | This is the user-defined number of points that will trigger signals when price crosses over the MA. |
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