3 MA Cross With Alert is a mix of three moving averages. The crossovers of these moving averages(MA) generate a buy and sell signal. The moving average forex indicators are considered the best till the date for determining the market trend. Although the moving averages are lagging indicators, they work best in the trending market environment. The mix of multiple moving averages is one of the best trend-following strategies ever. However, moving averages crossovers, forex strategies are almost useless in a sideways market. Can overcome This problem by trading only in a trending forex market environment.
When you install forex 3 MA Cross with Alert indicator in your trading platform, your chart should look like this:
3 MA Cross with Alert Indicator
This indicator is a mix of three moving averages. There are three lengths of moving averages. The blue color moving average is the fastest one, the green moving average is the mid-term moving average, and the red color moving average is the longest moving average used in this strategy.
Be careful enough to trade only in the trending market.
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Buying Conditions Using 3 MA Cross with Alert
- The market should be up trending.
- The market should be bouncing from the mt4 chart’s recent swing low.
- Blue moving average(MA) should be above all the other moving averages.
- A blue color arrow should appear below the market.
- Place your long position as soon as the above conditions are met.
- Place your stop loss(SL) just below the recent swing low.
- Take your profit(TP) when a red arrow appears above the market.
Selling Conditions Using 3 MA Cross with Alert
- The market should be down trending.
- The market should be falling from the recent chart swing high.
- The Blue moving average(MA) should be below all the other moving averages.
- A blue-red should appear above the market.
- Place your short position(Sell) as soon as the above conditions are met.
- Place your stop loss(SL) just above the recent swing high.
- Take your profit(TP) when a blue arrow appears below the market.
3 MA Cross With Alert Forex Indicator Free Download