The Multiple Time Frame Moving Average Cross With Alert MT4 forex indicator is a currency crossover system of 3 moving averages.
The indicator draws a blue arrow on the chart when the faster moving average (blue MA) is aligned above both the medium (green MA) and slower (red MA) moving average AND the medium moving average is aligned above the slower moving average.
Conversely, the indicator draws a red arrow on the chart when the faster moving average is aligned below both the medium and slower moving average AND the medium moving average is aligned below the slower moving average.
From the indicator’s inputs tab, you can choose from 4 different types of moving averages: simple moving average, exponential moving average, smoothed moving average and linear weighted moving average.
Feel free to experiment with the different types of moving averages.
Free Download
Download the “3-ma-cross-with-alert-mtf.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD Hourly chart below displays the Multiple Time Frame Moving Average Cross With Alert Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Multiple Time Frame Moving Average Cross With Alert MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: Initiate a new buy trade when the indicator draws a blue arrow on the Metatrader 4 chart.
Sell Signal: Initiate a new sell trade when the indicator draws a red arrow on the Metatrader 4 chart.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MTF MA Cross Signal + Hourly Pivot Points Forex Day Trading Strategy
This day trading strategy combines the Multiple Time Frame MA Cross with Alert MT4 Forex Indicator and the Hourly Pivot Points MT4 Forex Indicator to find high-probability trades on lower timeframes.
The MA Cross indicator draws blue arrows for buy signals and red arrows for sell signals, indicating short-term trend shifts.
The Hourly Pivot Points indicator shows intraday support and resistance levels, with price above the central pivot indicating bullish bias and price below indicating bearish bias.
By combining both, traders only take trades when the MA signal aligns with intraday pivot bias.
This strategy works well on M5 and M15 charts and is ideal for active day traders.
Buy Entry Rules
- Wait for the MA Cross indicator to draw a blue arrow (buy signal).
- Confirm that the price is above the central pivot point from Hourly Pivot Points, indicating bullish bias.
- Enter a buy trade at the next candle open after the signal and confirmation.
- Set stop loss a few pips below the nearest support or pivot zone.
- Set take profit at the next pivot resistance level or use a trailing stop if momentum continues.
Sell Entry Rules
- Wait for the MA Cross indicator to draw a red arrow (sell signal).
- Confirm that the price is below the central pivot point from Hourly Pivot Points, indicating bearish bias.
- Enter a sell trade at the next candle open after the signal and confirmation.
- Set stop loss a few pips above the nearest resistance or pivot zone.
- Set take profit at the next pivot support level or use a trailing stop if downward momentum continues.
Advantages
- Combines trend-based MA signals with intraday pivot structure for more context.
- Clear entry and exit rules make it suitable for systematic trading and backtesting.
- Works well on lower timeframes (M5, M15) to capture multiple intraday opportunities.
- Pivots provide objective targets and stop levels.
- Helps avoid trading against the short-term intraday trend.
Drawbacks
- MA arrows may give false signals during choppy or low-volatility periods.
- Pivot points may be ignored during fast-moving markets or news releases.
- Not suitable for quiet trading sessions with low liquidity.
Case Study 1: USD/JPY on M5
On the 5-minute USD/JPY chart, the MA Cross indicator printed a blue arrow at 144.20, signaling a buy opportunity.
At the same time, the price was above the central pivot point from the Hourly Pivot Points indicator, confirming bullish intraday bias.
A buy trade was entered at 144.22. The stop loss was set at 144.10, just below the nearest pivot support.
Price moved steadily upward and reached 144.50, hitting the next pivot resistance level, for a gain of 28 pips within 35 minutes.
Case Study 2: AUD/USD on M15
On the 15-minute AUD/USD chart, the MA Cross indicator drew a red arrow at 0.6835, indicating a sell signal.
Price was below the central pivot point, confirming bearish intraday bias.
A sell trade was entered at 0.6833, with a stop loss at 0.6845 above recent resistance.
Price moved downward and reached the next pivot support at 0.6805, capturing 28 pips over roughly 1 hour.
Case Study 3: GBP/CHF on M5
On the 5-minute GBP/CHF chart, the MA Cross indicator produced a blue arrow at 1.2670, signaling a buy.
The price was above the central pivot point, confirming bullish intraday bias.
A buy trade was entered at 1.2672, with a stop loss at 1.2658 below pivot support.
Price surged to 1.2698, reaching the next resistance pivot, yielding 26 pips in under 40 minutes.
Strategy Tips
- Trade during active sessions like London or New York for better volatility and follow-through.
- Use proper position sizing, as the stop-loss to target ratio may be small on lower timeframes.
- Monitor price at pivot levels for candlestick confirmation before taking trades.
- Use a trailing stop once price moves in your favor to capture extended intraday swings.
- Maintain a trading journal to track setups, results, and pip gains/losses to improve strategy over time.
Download Now
Download the “3-ma-cross-with-alert-mtf.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Time frame, FasterMA, MediumMA, SlowerMA, showMA’s, alertsON) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend
