• Overview
  • Reviews (5)
  • Comments (40)
  • What's new

Three Moving Average Scanner

This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity!

 

This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a cross of the 3 moving averages.

 

Note: This scanner can also be used to find crosses for 2 moving averages. If the option "Only use 2 MAs (Fast and Slow)" is set to True, only the Fast and the Slow moving average will be used to find a cross over.


Three moving average strategy

The three moving average strategy is a very popular and proven strategy.

The slowest moving average is used to determine the direction of the trend. If the price is above the slowest moving average, we are in a Bullish market and if the price is below the slowest moving average we are in a Bearish market.

When the price is above the slowest moving average, we are looking for buying opportunities. When the fast moving average is crossing above the medium moving average, it is a good moment to step into the market.

 

Trading Recommendations:

  • Like for every indicator, the higher time frames are much more reliable then shorter time frames. For that reason, the recommendation is to use the scanner for high time frames only (H1 or higher).
  • Do not enter the market when high critical news is expected the same day. High critical news can result in unexpected movements in the market, which can not be identified by any indicator. News can be found on e.g. the MQL website, DailyFX and investing.com.
  • Do not enter the market when the price is close to an important support or resistance.

      

    Features

    • Scans all symbols visible in your Market Watch window, or all symbols available for your broker at the same time.
    • Indicator only have to be installed on one chart to scan the entire market.
    • Specify which time frame you want to monitor. Each time frame can be selected in the settings.
    • Receive Alerts in the MT4 terminal for each trade opportunity found.
    • The dashboard will show the latest alerts provided by this Scanner. When you click on an alert in the dashboard, a new chart will be opened for the applicable Symbol and time frame. The new chart will highlight the alert with a vertical line.
    • Receive Alerts on your mobile phone, so you never miss a trade opportunity! (MT4 notifications are use)
    • The moving average settings can be specified for each moving average (Fast MA, Medium MA and Slow MA).
    • Low CPU usage.

       

      Alerts Generation

      The scanner creates an alert when the following rules all are applicable:

      • The fast moving average crosses the medium moving average, or the medium moving average crosses the slow moving average.
      • For Bullish Alerts: Fast moving average is higher then the medium moving average, and medium moving average is higher then the slow moving average.
      • For Bearish Alerts: Fast moving average is lower then the medium moving average, and medium moving average is lower then the slow moving average.
      • The distance between each moving average is more than the minimum distance as specified in the parameter.

        The Scanner is also able to send Alerts & Notifications if the price has touched one of the Moving Averages. By default this option is turned off, but can be turned on by the following options available in the settings:

        • Alert when price touched Fast MA
        • Alert when price touched Medium MA
        • Alert when price touched Slow MA 


        Installation

        • Download the Indicator in your MT4 terminal after you have purchased the product.
        • Place the indicator on one chart in your MT4 terminal (it does not matter what chart is used, any symbol and time frame can be used), and from that moment the entire market will be scanned for all pairs and symbols, and for all time frames as you have configured.


          Parameters

          Please refer to my blog for detailed clarification for all the settings:
          https://www.mql5.com/en/blogs/post/725815


          Please check my other Scanner also:

          MACD Scanner with Embedded Trend Filter https://www.mql5.com/en/market/product/35542

              SwingFX
              379
              SwingFX 2019.07.04 07:46 
               

              Very useful tool !

              Natasha Diedericks
              1064
              Natasha Diedericks 2019.04.10 16:43 
               

              Still testing. Victor has been very helpful. Will update review soon.

              86305
              100
              86305 2019.04.04 22:26 
               

              The perfect indicator which could be added to the trader's tool kit and also my hats off to the developer who has a genuine passion to help deserving traders.

              cherryann gibbons
              77
              cherryann gibbons 2019.02.15 20:04 
               

              User didn't leave any comment to the rating

              Aravind
              5070
              Aravind 2019.02.13 07:53 
               

              Very good indicator.

              Version 3.6 2019.11.20
              - Option added to specify what template should be used for the charts that are opened by clicking on an alert in the Dashboard.
              - Option added to specify to only receive Bullish or Bearish alerts.
              Version 3.5 2019.09.28
              New option is added to the scanner. Now the Scanner is also able to send Alerts & Notifications if the price has touched one of the Moving Averages. By default this option is turned off, but can be turned on by the following options available in the settings:
              - Alert when price touched Fast MA
              - Alert when price touched Medium MA
              - Alert when price touched Slow MA

              Also optimized the moving average values.
              Version 3.4 2019.08.14
              New setting added:
              Symbols To Scan: You can enter symbols you want to scan by this scanner in this field. The symbols needs to be the same as they are shown on your Market Watch window. The field is case senstive. Each symbol needs to be separated by a comma (,).
              Version 3.3 2019.07.17
              - Option added to use the scanner for 2 moving average's. When the option "Only use 2 MAs (Fast and Slow)" is set to True, it will only use the Fast and Slow moving average, and sends an alert if there is a cross over.
              - Optimized the moving average values.
              Version 3.2 2019.05.31
              - The chart which will be opened when you click on an alert in the Dashboard, will now show a vertical line to highlight when the alert was provided by the 3MA Scanner.
              - Default values are optimized for the three moving averages.
              Version 3.1 2019.04.07
              - There is now a dashboard available. This is a new feature to show the latest alerts on the chart. When you click on an alert, it will open a new chart for the applicable symbol and time frame. You can turn it on or off in the settings, you can also change colors and define how many alerts you want to see.
              - Ability to clear the dashboard each new trading day
              - The moving average settings can now be modified for each MA (Fast MA, Medium MA and Slow MA)
              - You can now specify the MA Shift for each moving average
              Version 2.1 2019.04.07
              Improved the default values of the Scanner.
              Version 2.0 2019.02.09
              Resolved a bug related to symbols with prefixed.