Hey there, fellow traders! If you're looking for a powerful tool to help you spot trend changes and filter your entries based on momentum, you’re in for a treat! The Custom MA Cross with RSI Indicator for MT5 is just what you need. This nifty indicator combines two moving averages with the Relative Strength Index (RSI) to deliver clear buy and sell signals right when you need them.
Key Features:
- Customizable Moving Averages: Choose your preferred type (SMA, EMA, etc.), periods, and price source for each moving average.
- Crossover Alerts: Get instant visual and optional sound alerts when the fast MA crosses above or below the slow MA.
- RSI Filter: The indicator only displays signals when the RSI is above or below user-defined levels, helping you dodge those pesky false entries during weak trends.
- On-Chart Signals: Buy and sell arrows pop up directly on your chart at the crossover point, provided RSI conditions align.
- User-Friendly Settings: Whether you’re just starting out or you’re a seasoned pro, the simple input options make this tool accessible to all.
How It Works:
- The indicator keeps an eye on two moving averages.
- When the fast MA crosses above the slow MA and the RSI is above your set level, a buy signal is triggered.
- Conversely, if the fast MA crosses below the slow MA and the RSI is below the defined level, you’ll see a sell signal.
- All these signals are clearly visible on your chart for easy reference.
Benefits:
- Boosts your trend-following strategies.
- Helps filter out those choppy market conditions.
- Gives you the confidence to enter trades with clarity.
This indicator is perfect for any timeframe and currency pair on the MetaTrader 5 platform. Plus, you can personalize it with colors that suit your style!
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