Moving Average Trend Alert MT5

Forex trading is a complex field that requires the use of the right tools and strategies to navigate successfully. One such tool is the Moving Average Trend Alert MT5, a market trend analysis tool that comes with unique features designed to help traders identify potential market trends. This instrument is especially useful for those who employ trading strategies based on the moving average trend.

Understanding Moving Average Trend Alert MT5

The Moving Average Trend Alert operates as a triple MA indicator, aiding traders in identifying potential market trends. Its operation is based on the alignment and crossover of three Moving Averages (MAs). It is important to note that the signals provided by this moving average indicator are not buy/sell signals. Instead, they hint at a potential market trend that should be further investigated.

Key Features of the Moving Average Trend Alert MT5

The MT5 Indicator comes with customizable short-term, medium-term, and long-term MAs. It also offers an option to filter signals based on a minimum distance between moving averages. This is designed to avoid premature MAs alignment. Additionally, it features an optional filter of signals with the Relative Strength Index (RSI) indicator overbought/oversold levels, as well as an optional filter of signals with the Average Directional Index (ADX) indicator.

The Indicator also provides notification alerts through popup, email, and phone for selected symbols and timeframes. Furthermore, if a trader has a specific MA trading system, the indicator can be set accordingly to provide buy/sell signals.

MA Settings

Users have the option to set short, medium, and long MAs period, method, and applied price in the MA settings section. For those seeking a 2 MAs setup, the long MA period can be set to zero.

Distance Filter Settings

The Moving Average Trend Alert MT5 comes with a distance filter feature based on the Average True Range (ATR). This allows traders to set a minimum distance between MAs. The ATR period can also be adjusted, and a multiplier for ATR used in the distance filter can be set.

RSI and ADX Filter Settings

By activating the RSI filter, the moving average dashboard filters the signal when RSI is above 70 in an uptrend and below 30 in a downtrend. The ADX filter, on the other hand, can be activated to filter signals using the ADX indicator main signal line value.

Noteworthy Points

While using the distance or ADX filter, traders should note that the indicator might not give an immediate MA cross signal. Also, by default, the indicator checks moving averages and doesn’t consider the current price position relative to MAs. If this consideration is required, the short MA period should be set to ‘1’, which would then resemble the price.

Independent Testing and Updates

For those interested in seeing the Moving Average Trend Alert MT5 in action, independent testing of this product can be watched at forexroboteasy.com. Traders can also subscribe to updates on the results of testing this product on the same platform.

FAQ

Q: Can the Moving Average Trend Alert MT5 be customized to my trading system?
A: Yes, the indicator is highly customizable and can be set according to your specific MA trading system to provide buy/sell signals.

Q: Can the distance filter be deactivated?
A: Yes, you can set the MAs Distance Filter to ‘None’ if you do not wish to use it.

Q: Can I get notification alerts for specific symbols and timeframes?
A: Yes, the Moving Average Trend Alert MT5 provides notification alerts through popup, email, and phone for selected symbols and timeframes.

Feel free to share your experiences using the Moving Average Trend Alert MT5 in the comments section. Remember that this is an independent product review, and your feedback will be highly valuable to other traders.