The 3 Moving Average (3 MA) cross signal alert Forex indicator represents a multiple time frame Metatrader 4 indicator that provides profitable buy and sell trading signals.
It uses a fast, medium and slower moving average crossover system for better accuracy.
Here’s how you can buy and sell currency pairs with the 3 Moving Average (3 MA) cross signal alert forex indicator:
- Red upward pointing arrow of the 3 MA Cross indicator pops up below the candlesticks for a buy trend.
- Green downward pointing arrow of the 3 MA Cross indicator pops up above the candlesticks for a sell trend.
Tip: In most cases, combining the 3 MA cross signal alert Forex indicator with the MACD indicator yields a powerful system that’s profitable for any trade style (scalping, day trading, swing trading).
In this case:
A buy trend takes place when the silver histograms of the MACD indicator are positioned above the zero horizontal level, while the 3 MA cross signal alert indicator pops up a red upward pointing arrow that stays below the candlesticks.
A sell trend takes place when the silver histograms of the MACD indicator are positioned below the zero horizontal level, while the 3 MA cross signal alert indicator pops up a green downward pointing arrow that stays above the candlesticks.
Download This MT4 Forex Indicator Free
Download the “3_MA_Cross_w_Alert_v2.ex4” Metatrader 4 indicator
3 MA Cross Signal Alert Forex Indicator Chart
Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.
Traders are free to adapt this indicator on any Forex pair and time frames of their preference.
Finding Buy and Sell Triggers With 3 MA Cross Signal Alert Forex Indicator
Below is an example of how to buy and sell forex pairs with this technical indicator:
Buy Trigger: Open buy trade order when the indicator displays a red upward pointing arrow that’s aligned somewhat below the price bars.
Place stop loss below most recent support level, or use your own stop loss placement method.
Close the buy trade for a reward to risk 2.0:1 ratio or better, or use your own preferred take profit method.
Alternatively, close the buy trade for a fixed take profit target of 40 pips on the 30-Minute chart. Allocate a smaller profit margin on lower time frames, for example, 8-15 pips on the 1-minute scalper chart.
Sell Trigger: Open sell trade order when the indicator displays a green downward pointing arrow that’s aligned somewhat above the price bars.
Place stop loss above most recent resistance level, or use your own stop loss placement method.
Close the sell trade for a reward to risk 2.0:1 ratio or better, or use your own preferred take profit method.
Alternatively, close the sell trade for a fixed take profit target of 75 pips on the 1-hour chart. Allocate a smaller profit margin on lower time frames, for example, 15-25 pips on the 5-minute day trading chart.
Download This Forex Indicator Now
Download the “3_MA_Cross_w_Alert_v2.ex4” MT4 indicator
Adjustable Parameters
Faster MA, faster shift, faster mode, medium MA, medium shift, medium mode, slower MA, slower shift, slower mode, sound alert
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
Trading oscillators (MACD, CCI…)
Trend indicators (ADX, Bollinger Bands,…)
Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).
Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.
