Symbol Index MA Alerts Indicator for MetaTrader 4 Download - [TradingFinder]

The Symbol Index MA Alerts indicator is designed for the MetaTrader 4 platform and is used to calculate the relative strength of the base currency (default: USD) against other currencies.

This tool is displayed using a linear oscillator and employs two moving averages with different periods (5 and 13) to filter market noise.

The core of the oscillator’s signaling system is the crossover of moving averages with the currency strength line, which can notify the user when alerts are enabled.

Symbol Index MA Alerts Indicator Table

The table below outlines the features of the Symbol Index MA Alerts oscillator.

Symbol Index MA Alerts Indicator Overview

The Symbol Index MA Alerts indicator is designed to assess the relative strength of the USD against counter currencies.

Currency strength is calculated dynamically, and by default, the indicator only operates on a predefined set of currency pairs (specified in the settings list).

To obtain valid outputs, use charts that are defined in the list below:

• EUR/USD
• GBP/USD
• AUD/USD
• USD/JPY
• USD/CHF
• USD/CAD

The indicator calculates the real-time strength of the base currency (USD) and, by applying two moving averages, marks entry zones through crossovers with the strength index line.

Indicator in Bullish Trend

The chart below shows the GBP/USD pair on a 15-minute timeframe. In a bullish scenario, a buy signal is triggered when both moving averages are above the USD strength line.

Additionally, the faster-moving average must be above the slower-moving average, indicating a positive crossover. This structure suggests increasing strength in the US Dollar and marks an ideal entry zone for buy trades.

Indicator in Bearish Trend

The image below shows the USD/CHF currency pair on a 4-hour timeframe. In this oscillator, sell entry zones are created when both the 5-period fast MA and the 13-period slow MA are below the USD strength line.

Moreover, the fast MA should be below the slow MA, which is considered a negative crossover. These conditions indicate weakening USD relative to the Swiss Franc, suggesting a favorable setup for sell trades.

Indicator Settings

The image below shows the adjustable settings panel for the Symbol Index MA Alerts oscillator:

Note: This trading tool allows you to turn alerts and moving averages on or off.

• Use This Only: Allowed Symbols;
• MySymbol: Custom Base Symbol;
• ShowMA: Show Moving Averages;
• MA1 Period: Period of the First MA;
• MA1 Mode: Type of the First MA;
• MA2 Period: Period of the Second MA;
• MA2 Mode: Type of the Second MA;
• Turn alerts on: Enable Alerts;
• Alerts on still opened bar: Enable Alerts on the Current Candle;
• Alerts should display message: Show Alert Message;
• Alerts should play a sound: Play Alert Sound;
• Alerts should send a notification: Send Alert Notification to Mobile;
• Alerts should send an email: Send Alert via Email;
• Sound file: Alert Sound File.

Conclusion

The Symbol Index MA Alerts indicator is a tool for analyzing the strength of a base currency (default: USD) by combining currency strength metrics and moving averages to identify entry and exit points precisely.

This trading tool is highly effective in identifying dominant market trends and providing reliable trade zones.