Try!!chris006 wrote: Sat Apr 04, 2020 7:35 am Hello,
I was looking for such an indicator in the MA crosses section but I didn't find one.
I am looking for a Moving Average Cross indicator that uses a 3rd moving average (slower) as a filter in order to generate arrow / alert.
Scenario: You use the 5MA and 20MA crossover , with the 100MA as a filter. The indicator would trigger an arrow / alert for buy when 5MA>20MA>100MA is satisfied. If 5MA>20MA but 20MA<100MA the buy arrow / alert would not be triggered.
It would be nice if a different timeframe could be set for each Moving Average individually. Also if the indicator could hold back further arrows /alerts in the same direction unless the 3rd moving average has in the meantime been breached in the opposite direction so that additional crossovers of the 2 fast averages are not alerted.
A similar concept to what I am looking for is the "2MA_crosses (arrows or lines mtf+alerts),mq4" found here:
viewtopic.php?p=1295389846#p1295389846
But this lacks the 3rd moving average as a filter.
Anybody knows of something similar? Or maybe Mr. Tools would be kind enough to cook up such an indicator?
Thanks in advance.
Attachments forums
Re: MT4 Indicator requests and ideas
pacois, Sat Apr 04, 2020 8:51 am