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Moving Average Trend Scanner Settings Description – Analytics & Forecasts – 8 June 2022

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Moving Average Trend Scanner product page

MT4 version here

MT5 version here

MA Settings

Set short, medium, and long MAs period, method, and applied price in this section.

Distance Filter Settings

MAs Distance Filter (Based on ATR):  Set a minimum distance between MAs based on ATR value with 3 modes: between all 3 MAs, between short and medium MAs, and between Medium and long MAs. Set MAs Distance Filter to ‘None’ if you don’t want to use it.

ATR period: Set the period of ATR used in the distance filter.

Distance(ATR) Multiplier: Set a multiplier for ATR used in the distance filter.

For example if you set MAs Distance Filter to “Between all 3 MAs”, ATR period to 20 and multiplier to 0.5 (default values), the dashboard only signals when 3 MAs are aligned and  the vertical distance between them is equal to the ATR indicator value multiplied with “0.5”.

RSI Filter Settings

By setting the RSI Filter to true the moving average dashboard filters the signal when RSI is above 70 in an uptrend and below 30 in a downtrend.

ADX Filter Settings

Set the ADX Filter to true if you want to filter signals using the ADX indicator main signal line value. Input the ADX period and ADX signal level values in their fields. 

Other settings:

Timeframes to scan (MT4 version): You can type the name of timeframes (as shown in the MT4 toolbar) you want to monitor separated with underline(underscore) “_” symbol. Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

Signal after candle close: If true dashboard waits until the close of the current candle and then checks the signal.

Show number of MA crossover bar: If true the dashboard shows the number of the candle from right to left that short MA crossed medium MA, on dashboard buttons.

Popup Alert: To enable MT4 alert window informing dashboard signals on a symbol and timeframe. Select symbols and timeframes that you want to get alert for them by ticking their checkboxes on the panel.
Phone Notification: To receive indicator alerts on the cell phone. For this to work you must enable and fill the MetaTrader push notification settings from the Notifications tab on the MetaTrader options dialog (ctrl+o).
Email Alert: To receive indicator alerts via email. For this to work you must enable and fill the MetaTrader email settings from the Email tab on the MetaTrader options dialog (ctrl+o).
Template name for new chart: Enter the name of the template you want to apply to new charts opened by clicking on the “Open in new chart” button.

Panel Font Size: You can change the font size of labels and buttons info with this.

Timeframe Settings (MT5 version)

There are up to 9 timeframes for each symbol. For each timeframe you can choose from 21 default MT5 timeframes from the dropdown list. By selecting “current” for a timeframe you can disable that timeframe and reduce the number of timeframes in the dashboard.  Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

The first time you run the indicator it might take a while to update history data and show signals.

To boost performance on older PCs set “Max bars in chart” to 10000 or less in the Charts tab on the MetaTrader options dialog (ctrl+o). Reducing the number of timeframes as stated above in timeframe settings also improves performance.

Download the Demo version below.

MT4 demo version only scans M1 & M5 timeframes.

MT5 demo version only scans M1 & M6 timeframes.

If you have any questions about the indicator ask me in the comments or private message.

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