The MA Ribbon with Alert | FREE Forex Trading Indicator
MA Ribbon Alert is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and platform when there is an established trend based on the moving average ribbon.
What Is Ribbon Indicator?
Ribbon indicator is a simple tool to spot a potential trend.
Ribbon indicator is basically a group of moving averages of different periods.
It is very similar to Alligator indicator, but better.
The indicator works with multiple moving averages in order to determine the trend of an instrument.
It can be used as an entry signal, exit signal, or trailing stop, so it is very versatile.
This indicator is also known as, multiple moving averages, ribbon indicator, and, sometimes, rainbow indicator.
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MA Ribbon Alert Indicator
MetaTrader platform doesn’t include a multiple moving average ribbon indicator by default.
Moving Average Ribbon indicator can be loaded on an MT4/MT5 chart to show a series of eight moving averages with a fixed period increment.
For example, you want to start from an exponential moving average of period 10 and see the eight subsequent moving averages with a period increment of 5.
Ribbon indicator will draw the following:
- EMA(10)
- EMA(15)
- EMA(20)
- EMA(25)
- EMA(30)
- EMA(35)
- EMA(40)
- EMA(45)
Via the indicator options, you can configure:
- Starting period.
- Type of moving average.
- Applied price.
- Period of increment.
You can also be notified when either:
- Faster moving averages are above (or below) the slower ones.
- A candle closes above (or below) all of the moving averages.
These signals can be used depending on your strategies, but can be potentially used for entry, exit, or trailing stop.
This indicator allows you to receive alert notifications via:
- Mobile app
- On screen
Another interesting feature of this MA Ribbon Alert indicator is that it can draw buy and sell signals in the form of arrows when alert conditions are met.
How to Download and Use MT4 MA Ribbon Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select moving average properties and choose how exactly you wish to receive notifications.
➥ Download MQLTA MT4 MA Ribbon With Alert
MT4 MA Ribbon Alert Installation
To install MA Ribbon Alert Indicator, please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
MT5 MA Ribbon Alert Indicator
What Is MT5 MA Ribbon Alert Indicator?
MA Ribbon Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for MA ribbon crossing over with the price or its moving averages crossing over with their counterparts on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
How to Download and Use MT5 MA Ribbon Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
➥ Download MQLTA MT5 MA Ribbon With Alert
MT5 MA Ribbon Alert Installation
To install the MT5 MA Ribbon Alert Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
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