• Overview
  • Reviews
  • Comments
  • What's new

MA Trend Scanner MT4 Demo

Moving Average Trend Scanner is a multi symbol multi timeframe market monitor that helps traders to monitor, and identify potential market trends from one chart.
This panel scans 3 moving averages in 28 configurable instruments and 9 timeframes for moving average alignment and moving average crossover.

MA Trend Scanner features:
  • Customizable short-term, medium-term, and long-term MAs.
  • Option to filter signals based on a minimum distance between moving averages to avoid premature MAs alignment.
  • Option to show the number of the bar that short MA crossed medium MA on dashboard buttons.
  • Optional Filter of signals with RSI indicator overbought/oversold levels.
  • Optional Filter of signals with ADX indicator.
  • Quick review of signals on the same chart by clicking on signal buttons.
  • Easy setup and arrange of symbols in any order with any instrument that your broker provides.
  • Popup, email, and phone notification alerts for selected symbols and timeframes.

        This is the demo version of MA Trend Scanner. It only scans M1 and M5 timeframes. Get the full version from here.

Main Settings:

  • In the indicator settings window, set short, medium, and long MAs period, method, and applied price.
  • In the "MAs Distance Filter" Setting, you can set a minimum distance between MAs with 3 modes: between all 3 MAs, between short and medium MAs, between Medium and long MAs. Set MAs Distance Filter to 'None' if you don't want to use it.
  • The default distance is the value of the ATR(20) indicator multiplied by 1. You can change the default ATR period and multiplier.
  • By setting the "RSI Filter" to true the MA dashboard filters the signal when RSI is above 70 in an uptrend and below 30 in a downtrend.

  • Set the "ADX Filter" to true if you want to filter signals using the ADX indicator main signal line value. Input the "ADX period" and "ADX signal level" values in their fields.

Other Settings:

  • "Signal after candle close": If true indicator waits until the close of the candle then checks the MAs order.
  • "Show number of MA crossover bar": If true the dashboard shows the number of the candle from right to left that short and medium MAs crossover occurred at on dashboard buttons.
  • "Popup Alert": To enable MT4 alert window informing potential trend on a symbol and timeframe. 
          Select symbols and timeframes that you want to get alert for them by ticking their checkboxes on the panel.
  • "Phone Notification": To receive indicator alerts on the cell phone. For this to work you must enable and fill the MetaTrader push notification settings from the Notifications tab on the MetaTrader options dialog (ctrl+o).
  • "Email Alert": To receive indicator alerts via email. For this to work you must enable and fill the MetaTrader email settings from the Email tab on the MetaTrader options dialog (ctrl+o).
  • "Panel Font Size": You can change the font size of labels and buttons info with this.
  • "Panel Scale": Choose between 4 scales to adjust the dashboard size to your screen.

Some Notes:

  1. The dashboard signals are based on 3 MAs alignment. Green color is for uptrend where short MA is above medium MA and medium MA is above long MA and red color for the downward alignment . Note that if you enable the distance or ADX filter, the dashboard might not give an immediate MA cross signal.
  2. The signals of this moving average scanner (Green/Red colors) are not Buy/Sell signals. They indicate a potential market trend that should be checked. The classic trend following approach is to find a strong trend then look at lower timeframes for a pullback or breakout trade setup in the direction of the main trend.
  3. If you want 2 MAs setup, set the long MA period to zero.
  4. By default, the MA scanner monitors moving averages and doesn't consider the current price position relative to MAs. If you want that set the short MA period to '1' then it resembles the price.
  5. If you want to monitor more than 28 instruments you can load the indicator on another chart and set different symbols for it.
  6. The symbols that you want to add to the dashboard must be visible in the MetaTrader market watch window. The first time you run the indicator or load a new symbol in the dashboard it might take a few seconds to update its data and show signals.

Recommended products
No reviews
Version 1.10 2020.09.10
Fixed an issue with adding symbols to the dashboard