The MT4 Moving Average Crossover Dashboard is a highly technical Forex tool designed to display the crossovers of two selected moving averages on a price chart. This can indicate whether a crossover is bullish or bearish. The dashboard also signals in which market and time frame a crossover of the two moving averages occurs. This article provides a thorough review of this innovative tool.
Key Features of the MT4 Moving Average Crossover Dashboard
The dashboard offers an array of features that set it apart. The main advantage is its ability to monitor multiple markets simultaneously from a single price chart, seeking potential moving average crossovers. For instance, the trader could search for a ‘golden cross’ (a crossover of the 50 SMA with the 200 SMA) in all the currency pairs they follow, all from one dashboard.
Moreover, there is an option to activate an alert window. This window provides an audible alert when a moving average crossover occurs, specifying the pair and the time frame. This feature enhances its user-friendliness, keeping traders informed in real-time.
Compatibility with Different Types of Moving Averages and Prices
The dashboard is compatible with the four types of moving averages currently offered by MT4: Simple, Exponential, Smoothed, and Linear Weighted. Furthermore, it can calculate moving averages based on different types of prices: Close, Open, High, Low, Typical, Median, and Weighted. This versatility allows the user to tailor the tool to their individual trading strategy and preferences.
Parameter Configuration in the Moving Average Crossover Dashboard
The Moving Average Crossover Dashboard allows users to configure several parameters. These include the moving average type for MA1 (Minor) and MA2 (Major), the calculation period for both the short-term and long-term moving averages, and the price type applied in the calculation of the short-term and long-term moving averages.
Users can also indicate whether they want to display the signals dashboard, and can specify the markets or currency pairs in which the indicator should detect moving average crossovers.
Dashboard and Alert Window Display Options
Finally, the indicator offers the option for crossover signals on the dashboard and alert window to be displayed only if confirmed by the next candlestick and/or the ADX indicator. This feature can be particularly useful for traders who prefer to wait for confirmation before entering a trade.
FAQ
Where can I find independent testing of the Moving Average Crossover Dashboard?
Independent testing of this product can be found on the forexroboteasy.com website.
Can I subscribe to updates on the results of testing this product?
Yes, you can subscribe to updates on the results of testing this product through the forexroboteasy.com website.
Can I share my experience of using this product?
Yes, users are encouraged to share their experience of using the MT4’s Moving Average Crossover Dashboard. Your feedback can help other traders make an informed decision.
Please note that this is an independent product review. The text is written in the third person and does not represent the views or experiences of the author.
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