Tim’s Moving Average Cross Indicator for MT5

This indicator shows all of the relevant aspects for trading using Tim’sMoving Average Cross strategy. The indicator was developed as part of a review of the strategy and is now available to download.
Settings

 

SettingDefaultDescription
Baseline bars100Sets bars and method used for the baseline moving average calculation.
Baseline methodSimple Moving Average
Fast bars20Sets bars and method used for the fast moving average calculation.
Fast methodExponential Moving Average
ATR bars14Sets bars used for the ATR calculation.
ATR Multiplier1Any candle moving by more than ATR x multiplier from the fast moving average does not trigger a trade
Volume average bars20Calculate the average volume over this period. Use a full sized trade if the current bar is > the specified full trade volume and only trade a half size trade if the current bar volume is between the half volume and full volume settings. No trade if volume is below the half trade level
Full trade volume %100
Half trade volume %20
Stop loss multiplier1.5Set stop loss at stop loss multiplier x ATR from entry
Take profit multiplier1Set take profit at take profit multiplier x ATR from entry

This indicator will plot:

  • A baseline moving average
  • The fast moving average used for trend filtering
  • Channel lines above and below the fast moving average separated by ATR x multiplier
  • Solid take profit and stop loss levels when conditions are met for a full sized trade
  • Dotted take profit and stop loss lines when conditions are met for a half sized trade