How to use MT5/MT4
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This indicator signals the crossover of short-term and long-term moving averages with arrows on the chart. The periods and types of moving averages can be customized to suit your analysis preferences.
【Example of the Indicator Display】
This indicator can display the crossover of moving averages from higher timeframes (e.g., displaying the crossover of 20-period and 50-period moving averages of an hourly chart on a 5-minute chart). This allows for analyzing significant directional changes in price while observing shorter-term movements.
【Example of Displaying 20-Period and 50-Period Moving Averages of an Hourly Chart on a 5-Minute Chart】
While the default setting displays both moving averages, you can choose to display only the arrows by turning off the moving averages in the settings.
【Example of Setting to Display Arrows Only】
※ Example of Setting to Display Arrows Only
Indicator Terms of Use
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1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Description |
|---|---|---|
| Timeframe | Select which timeframe’s moving average crossover to display. Options: current, M5, M15, M30, H1, H4, D1, W1, MN. | current |
| Moving average1 Line | Whether to display the short-term moving average. | true |
| Moving average1 Period | Set the period for the short-term moving average. | 9 |
| Moving average1 type | Choose the type for the short-term moving average: SMA, EMA, SMMA, LWMA. | Simple |
| Moving average1 Applied price | Select the price to be used for the moving average. | Close Price |
| Moving average2 Line | Whether to display the long-term moving average. | true |
| Moving average2 Period | Set the period for the long-term moving average. | 9 |
| Moving average1 type | Choose the type for the long-term moving average: SMA, EMA, SMMA, LWMA. | Simple |
| Moving average1 Applied price | Select the price to be used for the moving average. | Close Price |
| Allow color(up) | Set the color for upward arrows. | Blue |
| Allow color(down) | Set the color for downward arrows. | Yellow |
| Allow size | Set the size of the arrows. | 1 |
| Alert | Whether to display popup alerts. | true |
| MT5 | MT4 | Description |
|---|---|---|
| Multi_MA0 | 0 | Color, thickness, and style of the short-term moving average |
| Multi_MA1 | 1 | Color, thickness, and style of the long-term moving average |
