Symbol Index MA Alerts Indicator for MetaTrader 5 Download - [TradingFinder]

The Symbol Index MA Alerts indicator is an analytical tool designed to measure the directional relative strength of a base currency (default: USD) against major market currencies.

The indicator operates based on a linear oscillator that visually displays the strength of a currency. It utilizes two moving averages, with 5- and 13-period periods, to filter out market noise.

Symbol Index MA Alerts Indicator Table

The following table presents the general features of the Symbol Index MA Alerts indicator.

Symbol Index MA Alerts Indicator Overview

In the Symbol Index MA Alerts oscillator, the process of evaluating currency strength is conducted dynamically and, due to default settings, is limited to a defined list of currency pairs.

To receive reliable signals, the user must examine charts from the following predefined list:

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

This analytical tool calculates the real-time strength of the base currency (USD) and, through two moving averages with different periods, detects crossovers between the strength index line and the MAs to indicate key entry points and generate alerts.

Indicator in a Bullish Trend

The chart below shows the EUR/USD pair on a 5-minute timeframe. In a bullish setup, a buy signal is generated when both moving averages are above the USD strength line, and the faster MA crosses above the slower one.

This pattern indicates a positive crossover and increasing strength of the US Dollar, thus marking a suitable area for buy entries.

Indicator in a Bearish Trend

The following image shows the USD/CAD pair on a 30-minute timeframe. In this oscillator, a sell signal is triggered when the 5- and 13-period MAs are below the USD strength line, and the faster MA is also below the slower one.

These conditions form a suitable zone for selling entries.

Symbol Index MA Alerts Settings

The settings panel of the Symbol Index MA Alerts oscillator is shown in the image below:

Note: In this trading tool, users can turn on or off both the moving average display and the alert system as needed.

• Only Use for: Applied Currency Symbols;
• Symbol: Custom Base Symbol;
• Broker Suffix: Show Broker suffix;
• Show MA: Show Moving Averages;
• MA1 Period: First MA Period;
• MA1 Method: First MA Type;
• MA2 Period: Second MA Period;
• MA2 Method: Second MA Type:
• Alerts ON: Master Alert Toggle;
• Alert on Current Bar: Enable Alert on Current Candle;
• Message Alert: Show Text Alert Message;
• Sound Alert: Play Alert Sound;
• Email Alert: Send Alert via Email;
• Sound File: Name of Alert Sound File.

Conclusion

The Symbol Index MA Alerts indicator is a tool designed to evaluate the strength of the base currency by combining a strength index with moving averages to pinpoint entry and exit zones.

This trading tool effectively identifies prevailing market trends and determines optimal trading areas.