Scoring EMA Crossovers with Seven Market Conditions

Summary

This MetaTrader 5 indicator uses a 9/21 EMA crossover to trigger evaluation of seven conditions: price relative to VWAP, RSI, MACD, crossover direction, ADX with price context, volume against its average, and short-term RSI on a five-minute chart. It draws a signal only when the number of aligned conditions reaches a configurable threshold. The described default threshold is four of seven.

For each signal, the indicator calculates ATR-based stop and profit levels, including five take-profit targets, and can estimate position size from account balance and a chosen risk percentage. Optional session filters, candlestick pattern detection, chart levels, alerts, and a dashboard provide additional controls and context. The document describes the indicator’s rules and settings but supplies no performance testing or evidence that the signals are profitable. Its scoring filter and risk calculations therefore need independent validation for each market, timeframe, and execution setup.

Key ideas

• An EMA crossover starts the evaluation, while a configurable score threshold determines whether a signal is confirmed.
• Seven conditions combine trend, momentum, price location, and volume information.
• ATR determines the stop and target distances, while account balance and risk percentage inform position sizing.
• Session filtering and dashboard features add context but do not establish that the strategy is profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.