The T3 Moving Average Alarm indicator for Metatrader 5 is a powerful trend-tracking tool that generates clear buy and sell signals directly on the price chart.
T3 refers to the triple moving average, a method that improves signal accuracy.
The indicator offers 100% non-repaint signals, making it ideal for newbies as well.
Additionally, it conveniently displays swap long and swap short data on the chart, providing essential information for traders.
Trade logic is straightforward and goes as follows:
- A blue colored arrow is a buy signal.
- A red colored arrow is a sell signal.
You can edit the following indicator variables and values: MA period, MA shift, MA method, MA price, and colors.
For scalpers and day traders utilizing the M1 and M5 charts, the following tips are valuable:
- Prefer currency pairs with narrower spreads when using the T3 Moving Average Alarm indicator.
- The London and New York trading sessions offer more frequent trading opportunities to short-term traders.
To ensure a complete understanding of its functionality, we recommend testing the indicator in a demo environment before live trading.
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t3ma-alarm.mq5 Indicator (MT5)
Chart Example GBPUSD M15
Here is how the T3 Moving Average Alarm indicator appears when applied to the MT5 chart.
How To Buy And Sell With The T3 Moving Average Alarm Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the blue colored arrow is plotted on the chart.
- Open a buy trade and place your stop loss below technical support.
- It is advisable to exit the buy position when the red colored arrow gets displayed on the chart.
Sell Signal
- A sell signal is triggered when the red colored arrow gets plotted on the chart.
- Open a sell trade and place your stop loss above technical resistance.
- It is advisable to exit the sell position when the blue colored arrow gets displayed on the chart.
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t3ma-alarm.mq5 Indicator (MT5)
MT5 Trading Strategy: Smooth Trend Following with Clear Signal Bars
This strategy combines the T3 Moving Average Alarm Indicator, which offers a smooth and responsive trend-following moving average with alert signals, with the Simple Trend Bar Indicator with Signal that visually shows trend strength and provides clear buy/sell signals.
Together, they help traders confidently enter and ride trending markets.
Indicators Used
- T3 Moving Average Alarm Indicator: Provides smooth moving average trend detection with alerts for trend changes.
- Simple Trend Bar Indicator with Signal: Displays trend bars and clear buy/sell signals to confirm trade entries.
Timeframes
Best applied on M15, M30, and H1 charts for intraday and short-term trading.
Buy Entry Rules
- The T3 Moving Average Alarm Indicator shows a bullish trend (e.g., price above the T3 MA and an alert for upward movement).
- The Simple Trend Bar Indicator displays green bars and a buy signal.
- Enter a long trade on the confirmation candle close with both conditions aligned.
- Place a stop-loss below the recent swing low or below the T3 moving average.
- Set a take profit at the next resistance or use a favorable risk-reward ratio (1.5 to 2).
Sell Entry Rules
- The T3 Moving Average Alarm Indicator signals a bearish trend (price below T3 MA with a downtrend alert).
- The Simple Trend Bar Indicator shows red bars and a sell signal.
- Enter a short trade at candle close when both indicators confirm.
- Set stop-loss above the recent swing high or above the T3 moving average.
- Target the next support or manage exit based on risk-reward principles.
Strategy Tips
- Wait for both indicators to confirm trend direction before entering trades.
- Use alerts from the T3 Moving Average Alarm for timely entries.
- Combine with higher timeframe analysis to filter out false signals.
Conclusion
Using the smooth trend detection of the T3 Moving Average Alarm Indicator with the visual confirmation of the Simple Trend Bar Indicator with Signal creates a robust system to enter and ride trends effectively with clear confirmation.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the t3ma-alarm.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
