* * * NOW WITH PUSH ALERT NOTIFICATIONS * * *
Moving Averages are widely used in technical analysis. Essentially moving averages filter out noise from random price movements.
Moving averages are a lagging indicator as they are based on historical price action. The most commonly used moving averages are the SMA (Simple moving average) and the EMA (Exponential moving average). The EMA is more biased towards the most recent price data as it is weighted accordingly.
Moving averages are commonly used to determine trend direction and to determine support and resistance levels for an asset.
Shorter moving averages favour shorter term trading windows whereas longer moving averages such as the 200 day EMA favour longer term trading windows. The 200 moving average is widely followed by market participants with breaks above or below it considered to be notable trading signals.
Moving averages when used together can also provide important trading signals. If two moving averages of different periods are plotted on the same chart trading signals can be generated from moving average crossovers. Triple moving average crossover systems add a further longer term moving average which acts as a trend filter. This approach can significantly improve the quality of the entry signal.
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The FX AlgoTrader Advanced Triple Moving Average Crossover Alert System (JFX Series) is a highly configurable MT4 indicator which incorporates a fully automated alert system for monitoring crossover points for two or three trader defined moving averages.
The JFX Series uses a Java FX interface which allows ultra fast configuration and control of parameters within the underlying MT4 indicator.
Many traders use moving averages as a means of identifying entry and exit points for potential trades. Using the The FX AlgoTrader Advanced Triple Moving Average Alert Crossover indicator allows traders to create an automated alert system configured to their exact trading requirements. The addition of a third longer timeframe moving average is a significant improvement over the standard two moving average standard system. The longer term moving average acts as a trend filter and produces far higher quality signals which are alligned with the long term trend.
The Java Control Interface allows the trader to control the following settings on any chart running the Advanced Triple MA Crossover indicator:-
|Moving Average Calculation basis||
Simple, Exponential, Smoothed, Linear Weighted
|Moving Average Applied Price||
Open, Close, High, Low, Median
|Moving Average Line Options||
Colours, Styles and Widths
Styles and Colours
As per MT4 Email Config
Receive alerts on mobile devices
|Touch/Printed Crossover Alerts||
Printed - where the MAs have physically printed a crossover
|Maximum number of alerts||
|Minimum period between alerts||
Specified in Minutes
|Alerts Sound (wav file)||
Can be located anywhere on the hard drive ie not restricted to MT4 sounds folder
|Profile selection controls||
For Ultra Fast set up
|Copy or 'rippling' profile to all MT4 timeframes||
For unifying system set up
The Java FX based alert module provides a far more sophisticated pop up alert module than the standard MetaTrader MT4 version. Traders can see the alerts in a table structure which can be sorted based on their criteria. The table columns can be resized columns can be hidden using the buttons at the bottom of the interface. The alert modue shows the Date, Time, Symbol, Period, Alert Condition and also the Soundfile (.wav file) defined for the specific chart and trendline. The Java FX versions of the FX AlgoTrader products allow traders to set up alert profiles which can be specific to an individual timeframe - this means traders can create different parameter configuarations/display options and accompanying alert sounds for individual timeframes if they wish to. This is a unique feature of the Java FX interface.
One Time Fee (no ongoing charges)
Note: Twin MA version without Java interface is now available for £24.95 GBP here
Ultra quick parameter changes - traders can change parameters within seconds! Just click the interface, make the required changes and they will be reflected in the underlying indicator when then next tick is received!
Traders can control multiple charts from a single external interface.... there is no requirement to drill into each chart and scroll through long external input parameter lists!
Traders can define profiles which allow a pre-defined set of parameters to be applied to a new chart with a couple of mouse clicks!
Profiles/current configurations can be 'rippled' across all MT4 timeframes with a mouse click.... OR... traders can define unique profiles for each timeframe for a specific chart ID which is a UNIQUE feature within the FX AlgoTrader JavaFX based products. Normally MT4 based indicators and EAs hold the same parameter configuration for ALL MT4 timeframes which is very limiting...
In plain English, traders could use different MA colours, widths, styles, and alert sounds for specific timeframes thereby providing a rapid visual confirmation. The only way to achieve this with a standard MT4 indicator would be to open 9 charts for each currency pair being analysed!!
Twin/Triple MA Crossover Installation Video
Twin/Triple MA Crossover SetUp Guide
Tuning the MA Periods based on chart timeframe
Applying Wav Sound Alerts to the System
Short term forex traders would benefit from enhanced asset selection when using MA crossovers. Products such as the Orion Index Analyzer, the Range Analyzer or the Generic Index Analyzer all help traders to optimize their forex pair selection and massively reduce the requirements to perform top down analysis on all the major pairs and crosses each day.