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The MAM Crossover is a classic arrow indicator that performs its own calculations to find the optimal moment to open a certain position during the current market trend. The indicator is presented in the main window of the price chart in the form of arrows of two colors, located below or above the candles, and thus, depending on their color and direction, it can be understood which trade should be opened and on which candle. To get more accurate signals and good results from the trade, it is recommended to use it with additional advisers, indicators or filters, however, the use of the indicator without them is not denied.
The MAM Crossover is equally suitable for working on any timeframes with any currency pairs, as it is equally effective with any given units.
Input parameters
There is only one input parameter in the settings of the MAM Crossover indicator, which is responsible for playing a notification after the signal is generated by the indicator. The remaining sections do not affect the operation of the indicator, for example, one of them is responsible for its color scheme and the thickness of its arrows.
Use Sound - parameter responsible for playing a sound notification after receiving a certain signal. The default value is true, that is, the sound notification is enabled.
Indicator signals
The principle of operation of the MAM Crossover indicator is very simple, as it is standard for all arrow indicators. That is, as soon as an arrow appears on the chart, a signal is formed, depending on its direction and color. That is, an upward arrow is formed during an uptrend and buy trades are opened, and the arrow pointing down is in the period of a downtrend and sell trades are opened. That is, taking into account these conditions, the indicator generates a signal, upon playback of which a position can be opened in the direction of the current market movement.
Signal for Buy trades:
- An arrow is formed under a certain candle, pointing up and having a color with a growth value.
After the appearance of such an arrow, a long position can be opened on the signal candle. It should be closed after a new arrow appears on the chart, allowing consider opening new trades.
Signal for Sell trades:
- An arrow appears above the signal candle, pointing down, having a color with the value of the fall.
When such an arrow appears, the indicator starts to form a signal, after which a short position can be opened on the signal candle. It is needed to close it after another arrow forms on the chart, allowing open new positions.
Conclusion
The MAM Crossover indicator is not only very easy to use, but also quite profitable. But in order to be completely convinced of the accuracy of its signals, it is recommended to use additional tools in combination with it, such as other indicators, advisers or filters. And in order to understand the indicator signals correctly and learn how to use them correctly, it must be first used a demo account.
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