MA_Signal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
A simple Arrow Signal indicator based on the intersection of four moving averages with different calculated data.
There are thirteen input parameters (three parameters for each of the four moving averages):
MA1 > MA2 and MA3 > MA4
MA1 < MA2 and MA3 < MA4
MA N - MA (MA N application price, MA N period, MA N method)
* If you set Use Swing Signal = Yes , the arrow will only appear when the signal direction changes,
If using Swing Signal = No , the indicator will display a colored line of three points (similar to the Parabolic SAR) based on the maximum period MA price and only if the signal conditions are met.
Figure 1. Using Swing Signal = Yes
Figure 2. Use Swing Signal = No
Attachment download
📎 ma_signal.mq5 (20.26 KB)
Source: MQL5 #21839
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