Author of the Idea: John Smith, MQ5 Code Author: barabashkakvn.
If you're on the lookout for a reliable tool to enhance your trading strategy, the MA Cross 3MACross Alert indicator for MetaTrader 5 might just be the gem you need. This nifty indicator uses the intersection of three Moving Averages (MAs) to signal potential trading opportunities.
Here's how it works: the first MA is your fastest mover, while the second is a bit slower, and the third is the slowest of the bunch. This layered approach allows you to spot trends and possible entry points with greater accuracy.
What's even better? The MA Cross 3MACross Alert comes equipped with three types of notifications: alert, sound, and email. You're never left in the dark about potential trade setups!
The indicator features four buffers:
- Two buffers, labeled "Cross Up" and "Cross Down," are dedicated to drawing arrows for intersections that occurred NOT ON THE CURRENT bar.
- Two additional buffers, "Cross Ghost Up" and "Cross Ghost Down," handle intersections that occurred ON THE CURRENT bar.
The Ghost buffers are particularly useful as they help notify you of the first intersection, making this indicator a solid option for scalping strategies.
When it comes to indexing bars, the MA Cross 3MACross Alert utilizes the following method for all indicator buffers and arrays (high, low, close, true, time):
ArraySetAsSeries(array,true);
This means that index #0 corresponds to the rightmost bar on your chart, giving you a clear view of the latest market movements.
Fig. 1. MA Cross 3MACross Alert Indicator Overview
Fig. 2. Alert Example: Fastest First MA Crosses Slower Second MA Upwards
Fig. 3. Signal Emergence in the "Ghost" Indicator Buffer
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