Moving Average Channels with Configurable Crossover Alerts
Summary
This indicator builds a price channel from a selected moving average and a configurable band width. It marks crossings of the channel’s upper, middle, or lower lines and can send alerts through the platform, email, or push notifications. The settings allow users to choose among eighteen moving average methods and select the price used in the calculation.
The document describes indicator features and adjustable inputs, but gives no trading rules for acting on a signal, performance evidence, or guidance on choosing a moving average or band width. A crossover alone does not establish whether a trade is profitable, and results may vary with the instrument, timeframe, and settings. The description is brief and does not explain how the signal is calculated in detail.
Key ideas
- The channel can be calculated with one of eighteen moving average methods.
- Users can set the moving average period, applied price, and channel width.
- Signals are generated when price crosses selected channel lines.
- Alerts can be enabled for all lines or for the central, upper, or lower line.
- The document provides no backtest evidence or recommended trading parameters.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.