Tim’s Moving Average Cross Indicator for MT5

This indicator shows all of the relevant aspects for trading using Tim’sMoving Average Cross strategy. The indicator was developed as part of a review of the strategy and is now available to download.
Settings

 

Setting Default Description
Baseline bars 100 Sets bars and method used for the baseline moving average calculation.
Baseline method Simple Moving Average
Fast bars 20 Sets bars and method used for the fast moving average calculation.
Fast method Exponential Moving Average
ATR bars 14 Sets bars used for the ATR calculation.
ATR Multiplier 1 Any candle moving by more than ATR x multiplier from the fast moving average does not trigger a trade
Volume average bars 20 Calculate the average volume over this period. Use a full sized trade if the current bar is > the specified full trade volume and only trade a half size trade if the current bar volume is between the half volume and full volume settings. No trade if volume is below the half trade level
Full trade volume % 100
Half trade volume % 20
Stop loss multiplier 1.5 Set stop loss at stop loss multiplier x ATR from entry
Take profit multiplier 1 Set take profit at take profit multiplier x ATR from entry

This indicator will plot:

  • A baseline moving average
  • The fast moving average used for trend filtering
  • Channel lines above and below the fast moving average separated by ATR x multiplier
  • Solid take profit and stop loss levels when conditions are met for a full sized trade
  • Dotted take profit and stop loss lines when conditions are met for a half sized trade