Download MT5 Moving Average Crossover Alert Indicator For Free and receive notifications via Email, App and On Screen when two moving averages cross.
What is a Moving Average
The Moving Average is one of the simplest indicators in technical analysis.
The Moving Average is basically the average value of the price over the last specified number of candles. So for example a Moving Average of period 10 is the average price over the last 10 candles.
Moving averages are popular for the following reasons:
- They can reduce the noise, showing a smoother movement of price
- Can help detecting trends
- Can help spotting trend reversals
One of the problems of Moving averages is that they are lagging indicators, so they lag behind price, often giving signals too late.
Being a very simple instrument usually are considered together with other indicators or price action.
What Is The Moving Average Crossover Indicator
The Moving Average Crossover indicator with alert is a tool for Metatrader that can notify you when two moving averages cross each other.
The Moving Average Crossover Indicator includes two moving averages and displays them on screen.
Many trading strategies base their entry and exit signals on MA crossovers.
While the MACD indicator shows the crossovers in a histogram chart, this indicator only shows the moving averages.
A crossover in two moving averages of different period can indicate a trend continuation or a trend reversal.
MT5 Moving Average Crossover Alert Indicator
The Metatrader 5 platform includes the Moving Average between its indicators, however this comes without any notification feature for the crossovers.
In many cases it is useful get a notification in some Moving Average Crossover situations because they could be trading opportunities.
You can benefit from this alert in both Trend Following and Trend Reversal strategies.
To repair to this missing feature, you can here Download MT5 Moving Average Crossover Alert Indicator.
This indicator allows you to get notification when some conditions trigger. You can receive notifications via:
- Mobile App
- On Screen
The indicator is very flexible and you can set several parameters:
- Period of the moving averages
- Type of the moving averages (simple, exponential, weighed and so on)
- Type of notifications
- Colour and size of the signals on screen
Due to the parameters available the Moving Average Crossover Alert indicator is suitable for both Simple Moving Averages and Exponential Moving Averages cross alerts.
Another interesting feature of the MT5 Moving Average Crossover Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when the signal happens.
MT5 Moving Average Crossover Alert Indicator Installation
To install the MT5 Moving Average Crossover Alert Indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL5 Folder
- Copy the file in the Indicators Folder
- (If you downloaded the source code version) Copy the Icon file in the MQL5/Files folder
- (If you downloaded the source code version) Copy the Error Handling and Utils files in the MQL5/Include folder
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
For more detailed instructions on how to setup the alerts please visit the alert page.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.