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MA OsMA Filter Crossover Alert v1.2 Indicator
The MA OsMA filter crossover alert indicator for MT4 uses the OsMA to filter the trading signals of the moving average crossover. As a result of the combination of the OsMA – Oscillator of moving averages with moving averages traders forex traders receive better trading signals.
The indicator is simple arrow based and is helpful for new and advanced forex traders. Furthermore, it does not repaint after candle close. Moreover, it works well in all chart time frames and in intraday and short term trend trading. Furthermore, traders can customize the slow and fast moving averages and the OsMA inputs to achieve desired trading results.
MA OsMA Filter Crossover Alert Indicator For MT4 Trading Signals
The indicator plots green up arrows to indicate a bullish price trend and a red down arrow for a bearish price trend. The indicator primarily generates trading signals upon the crossover of a fast and slow moving average. Adding an oscillator as a filter to the moving average crossover provides few but quality forex trading signals. The trading strategy is to enter the market based on the arrows.
Forex traders should enter the market with a buy trade upon appearance of a green arrow with a stop loss below the previous swing low. Similarly, traders should enter sell positions with a stop loss above the previous swing high.
The best strategy for profit booking is to exit the market upon an opposite trading signal. However, traders should consider to exit the trade with a good risk reward ratio.
Conclusion
In summary, the MA OsMA filter crossover alert indicator helps to improve the trading results of forex trend traders using moving averages.
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