What is The Moving Average Crossover Alert on MT4?
The Moving Average Crossover Alert indicator is a free MT4 indicator that you can download here and use in your MetaTrader to get alerts when two moving averages cross.
These notifications are given through mobile app, email, and also on the trading screen. These are sent out as soon as two moving averages cross each other.
What is The Moving Average?
One of the most fundamental aspects of technical analysis is the moving average.
Simply said, a moving average is an average that is calculated using the prices of the most recent number of candles. There is a need for a certain number of candles. The moving average of the price over the previous ten candles is one example of a moving average with a period of 10.
The following are some of the reasons why moving averages are so common:
- They may reduce the amount of noise, which would lead to a more consistent price movement.
- Help identify emerging patterns and trends.
- Help identify changes in the direction of an existing trend.
Moving averages have the drawback of being lagging indicators, which means they lag behind the price and usually make suggestions that are too late.
This is a negative since moving averages are useful in identifying trends.
They are evaluated rather often in combination with other signs or price movements since they are such a fundamental instrument.
What is The Moving Average Crossover Indicator Alert on MT4?
Moving Average Crossover Indicator alert is a MetaTrader feature that alerts you when two moving averages cross each other.
The Moving Average crossover indicator shows two moving averages on the screen. Many trading techniques rely on Moving Average crossovers for entry and exit signals.
In a histogram chart, a MACD indicator indicates crossings; this indicator shows moving averages. For example, a crossing between two distinct period moving averages might suggest a trend reversal.
You can read about the Zero Lag MACD here.
Although the MetaTrader platform has a moving average as one of its indicators, there is no crossover notification tool available for use with it.
Receiving a notification in certain moving average crossover situations may be advantageous in various contexts since these occurrences often provide trading opportunities.
This warning may be useful to you in terms of both trend following and trend reversal strategies.
You may help make up for this lack of capability by downloading The Moving Average Crossover Alert Indicator for MetaTrader 4 and 5.
When certain conditions are satisfied, this indicator will send you a notification. You may get notifications by utilizing any one of the following methods:
- On the Go with Your Email (push notifications)
- On the mobile app
- On-screen
Parameters to Enter
The indicator is very adaptable, and there are a variety of settings that may be adjusted, including the following:
- The time span which is covered by the moving average.
- The kind that uses moving averages (simple, exponential, weighed, and so on).
- Shift.
- The kind of notification.
- The hue as well as the magnitude of the chart's indicators.
The Moving Average Crossover Alert indicator is useful for both basic moving averages, and exponential moving averages cross alerts due to the settings offered.
Arrow Signals
Another intriguing aspect of the indicator is that when signals occur, it may show buy and sell indications in the shape of arrows.
If you are rather interested in various alert indicators, you may utilize the current indicator's source code for development.
How To Use and Download the MT4 Moving Average Crossover Indicator
You may get the indicator for free by clicking the link below and installing it by following the instructions.
The installation is quite simple. The same holds true when using this tool.
After running the indicator, you may change the settings. For example, you may choose which moving averages to use and how you want to be notified.
The link to download the tool is here!
How To Install
Please follow the steps below to install the MT4 Moving Average Crossover Indicator:
- Get the indicator archive file.
- Navigate to the MetaTrader 4 data folder (FileOpen Data Folder).
- Navigate to the MQL4 Folder.
- Copy all of the archive's folders to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the platform's Navigator sub-window and selecting Refresh.
What is The Moving Average Crossover Indicator for MT5?
Moving Average Crossing Indicator for MetaTrader 5 is a plugin that enables you to set up alerts on your MT5 chart for a crossover of two moving averages. It has the same functionality as the MT4 version of the indicator.
How to Download the Moving Average Crossover Indicator
You may get the indicator for free by clicking the link below and installing it by following the instructions.
You can download it from this link!
How to Install
Please follow these steps to install the MT5 Moving Average Crossover Indicator:
- Get the indicator archive file.
- Navigate to the MetaTrader 5 data folder
- Navigate to the MQL5 Folder.
- Copy all of the archive's folders to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the platform's Navigator sub-window and selecting Refresh.
Conclusion
The moving average crossover alert in MT4 is a useful tool that can potentially help you make profits off of trades.
To get the most out of this indicator and to learn about other indicators, keep on reading our articles!
You might be also interested in Chande Kroll Stop and Stochastic RSI and Stochastic Divergence Indicators on MT4
