Cross Signal Dot Metatrader 4 Forex Indicator
The Cross Signal Dot Metatrader 4 indicator is a technical study that uses a colored dots Moving Average system to signal buy or sell market trends with great precision.
The indicator implements the slow and fast period moving averages with preset values of 20 and 5, that are also adjustable.
Interestingly, to reduce screen clumsiness, the lines of the moving average are not visible on the chart, but the crossover is shown in the form of colored green/red colored dots.
- A lot of trading strategies can adequately derive entry and exit signals when the Cross Signal Dot MT4 indicator prints its colored dots on the activity chart.
- There are also cases where the use of the Cross indicator dots on price indicates a probable trend reversal.
- The indicator uses a default setting of 20 and 5 for the slower and fast period respectively.
Feel free to explore the Cross Signal Dot Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Cross Signal Dot Forex Indicator Chart (AUD/CAD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Cross Signal Dot MT4 Indicator
Buy Signal: Go long when the Cross MT4 indicator prints a green dot that’s fairly below the price bars.
When the MACD indicator prints silver histograms above the 0.00 horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the Cross MT4 indicator prints a red dot that’s somewhat above the price bars.
When the MACD indicator prints silver histograms below the 0.00 horizontal level, it is a sell signal confirmation
Exit buy trade: Close all buy orders if while a bullish trend is running, the Cross Indicator prints a red dot on the activity chart. Else, exit the buy trade when the MACD indicator prints a silver histogram below the 0.00 level.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Cross indicator prints a green dot on the price chart. Else, exit the sell trade when the MACD indicator prints a silver histogram above the 0.00 level.
Tips: The Cross Signal Dot MT4 indicator works with great precision during trending markets and offers amazing profit-taking opportunities.
However, when used in combination with other technical indicators, the Cross indicator becomes most efficient in its signal generation during range-bound market conditions.
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Slow Period, fast period.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.