Moving Average Trend Scanner Settings Description

Moving Average Trend Scanner product page

MT4 version here

MT5 version here

MA Settings

Set short (fast), medium, and long (slow) MAs period, method, and applied price in this section.

Signal Settings

Filter mid-trend signals: If enabled the indicator tries to filter mid/late trend signals. It alerts only if a new signal generates in the opposite direction. This option doesn't apply in deep scan mode.

Signal after candle close: If true dashboard waits until the close of the current candle and then checks the signal.

Distance Filter Settings

MAs Distance Filter (Based on ATR):  Set a minimum distance between MAs based on ATR value with 3 modes: between all 3 MAs, between short and medium MAs, and between Medium and long MAs. Set MAs Distance Filter to 'None' if you don't want to use it.

ATR period: Set the period of ATR used in the distance filter.

Distance(ATR) Multiplier: Set a multiplier for ATR used in the distance filter.

For example if you set MAs Distance Filter to "Between all 3 MAs", ATR period to 20 and multiplier to 0.5 (default values), the dashboard only signals when 3 MAs are aligned and  the vertical distance between them is equal to the ATR indicator value multiplied with "0.5".

RSI Filter Settings

By setting the RSI Filter to true the moving average dashboard filters the signal when RSI is above 70 in an uptrend and below 30 in a downtrend.

ADX Filter Settings

Set the ADX Filter to true if you want to filter signals using the ADX indicator main signal line value. Input the ADX period and ADX signal level values in their fields. 

Deep Scan 

Scan All Market Watch Symbols: Set this to true to start deep scan for all symbols available in MetaTrader market watch window.

Scan Timeframe: Set the timeframe for deep scan.

Save Symbols List (MT5 version): Set to "true" to save the list then set the "Scan All Market watch Symbols" to false to return to the default mode with the scan results list. Changing back the "Save Symbols List" to false will return the previous set of default or user customized symbols.

Note about deep scan:

Since it scans all market watch symbols it can take up to 20 seconds, depending on the number of market watch symbols and your PC performance. So this is not a real-time scan like the indicator's standard mode. It is a one-time scan in a timeframe that you choose in the settings window.You can manually scan every time by reloading the indicator (changing chart timeframe from the Metatrader toolbar or changing the indicator settings also does that)

After the opening of the Metatrader, the first time you run the deep scan it might not find all signals because the data of all market watch symbols is not downloaded yet. It's a good idea to re-scan after a few minutes to be sure about updated data.

Other settings:

Timeframes to scan (MT4 version): You can type the name of timeframes (as shown in the MT4 toolbar) you want to monitor separated with underline(underscore) "_" symbol. Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

Show signal age on buttons (bars) If true the dashboard shows the number of the candle from right to left that last signal generated, on dashboard buttons.

Alert Mode: Choose between 3 options for the alert system:

1. Single symbol and timeframe: Tick the checkboxes near the symbol names and timeframes you want to get an alert for them. When a signal occurs in a chosen symbol and timeframes the indicator alerts.
2. Multiple timeframes of a symbol: In this mode indicator only alerts when all chosen timeframes (ticked ones like above) of a symbol have the same signal(color).
3. Multiple symbols in a timeframe: Similar to second mode but this time if all chosen symbols have the same signal in a chosen timeframe the indicator alerts.

Popup Alert: To enable the Metatrader alert window informing dashboard signals on a symbol and timeframe. Select symbols and timeframes that you want to get alert for them by ticking their checkboxes on the panel.

Phone Notification: To receive indicator alerts on the cell phone. For this to work you must enable and fill the MetaTrader push notification settings from the Notifications tab on the MetaTrader options dialog (ctrl+o).

Email Alert: To receive indicator alerts via email. For this to work you must enable and fill the MetaTrader email settings from the Email tab on the MetaTrader options dialog (ctrl+o).

Number of candles to look back in chart: Set here how many bars you want to check for drawing history signals.

Template name for new chart: Enter the name of the template you want to apply to new charts opened by clicking on the "Open in new chart" button.

Dashboard Columns: Choose between 1 or 2 columns of symbols (14 or 28 symbols) in the dashboard. 

Dashboard Rows: Choose the number of dashboard rows of symbols (1-14).

Panel Font Size: You can change the font size of labels and buttons info with this.

Unique ID: If you want to set and save different sets of symbols set a different id number (any number) for each of them. To do that first set the new id in the settings then change the symbols then save the chart as a template. Do not change symbols before changing the id because changes will be saved automatically to the current id number. 

Timeframe Settings (MT5 version)

There are up to 9 timeframes for each symbol. For each timeframe you can choose from 21 default MT5 timeframes from the dropdown list. By selecting "current" for a timeframe you can disable that timeframe and reduce the number of timeframes in the dashboard.  Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

Timeframe specific MA period

If you have any questions about the indicator ask me in the comments or private message.