Moving Average Multicurrency Scanner Dashboard for MT4/MT5

2 December 2024, 19:38
Biswarup Banerjee
0
190

The Moving Average Multicurrency Scanner Dashboard is an essential tool for traders who rely on moving averages to analyze market trends. This powerful dashboard scans multiple currency pairs and timeframes, providing actionable insights based on customizable moving average strategies. Its real-time alerts and user-friendly interface make it a valuable addition to any trader’s toolkit.

You can find the MT4 version here   Moving Average Multicurrency Scanner MT4

You can find the MT5 version here Moving Average Multicurrency Scanner MT5

Key Features

  1. Multicurrency Monitoring
    The dashboard scans a wide range of currency pairs, including major, minor, and exotic pairs, as well as special symbols like XAUUSD and BTCUSD.

  2. Multi-Timeframe Scanning
    Monitor market signals across timeframes from M1 to MN, with the ability to enable or disable specific scans as per your trading strategy.

  3. Moving Average Integration
    Supports two customizable moving averages with parameters such as period, shift, method (SMA, EMA, etc.), and applied price. The tool allows traders to analyze crossovers and trends using:

    • MA 1 Settings: Shorter-term moving average for quick trend detection.
    • MA 2 Settings: Longer-term moving average for broader trend analysis.
  4. Confluence Signal Alerts
    Alerts are triggered when multiple timeframes align in the same direction, offering reliable trade setups based on moving average crossovers.

  5. Custom Alerts and Notifications
    Stay informed with real-time alerts through pop-ups, email, and push notifications, ensuring no trading opportunity is missed.

  6. Responsive Dashboard Design
    The dashboard organizes signals in a grid format, grouping symbols by base currencies and displaying signals for each timeframe. Each cell shows the signal and indicates how many candles ago it occurred. The design adapts seamlessly to different screen sizes.

  7. User Customization
    Adjust panel size, colors, and text scaling. Filters for symbols, timeframes, and moving average settings allow traders to tailor the tool to their needs.

How It Works

The dashboard continuously scans selected currency pairs and timeframes using the two moving averages and their crossover signals. Signals are displayed in an organized grid layout, with confluence signals emphasized for quick recognition and action.

Why Choose This Dashboard?

The Moving Average Multicurrency Scanner Dashboard simplifies market analysis by combining moving average crossovers with multi-timeframe confluence, delivering real-time alerts and actionable insights for smarter trading decisions.

Input Walkthrough

General Settings

  • pairsList1 : Customize the list of symbols to scan, including forex pairs, metals, and cryptocurrencies.
  • SCAN_LAST_N_CANDLE : Define how many candles back the scanner should analyze for signals.
  • Panel Customization: Adjust panel height, width, and text scaling with inputs like PANEL_HEIGHT_PCT , PANEL_WIDTH_PCT , and PANEL_TEXT_PCT .
  • Colors: Configure colors for symbols, base currencies, and signals (bullish, bearish, neutral).

Timeframe Signal Settings

  • Individual Timeframe Scanning: Enable or disable scanning for specific timeframes, such as ENABLE_IND_1M and ENABLE_IND_5M .
  • Confluence Timeframe Scanning: Configure confluence alerts for selected timeframes, such as ENABLE_1M and ENABLE_5M .

Moving Average Settings

  • MA1_MODE , MA2_MODE : Choose the moving average method (SMA, EMA, etc.).
  • MA1_PERIOD , MA2_PERIOD : Set the periods for the two moving averages.
  • MA1_SHIFT , MA2_SHIFT : Define shift values for each moving average.
  • MA1_APPLIED_PRICE , MA2_APPLIED_PRICE : Specify the applied price for each moving average (close, high, low, etc.).

Alert Settings

  • ALLOW_ALERT : Enable or disable pop-up alerts for signals.
  • ALLOW_NOTIFICATION : Send push notifications for real-time updates.
  • ALLOW_EMAIL : Receive email notifications to stay informed of market signals.

If you want to try the free trial version for 7 days, feel free to reach out to me via the profile section.