Double super-Trend and Moving Average Scanner
Hi there,
This is Double Super-trend and Moving Average Scanner.
And it quickly scans all of Indian market scripts based on given values. This Double Super-trend and Moving Average Scanner. ” helps scans all of Nifty scripts – quickly and accurately. The working behind the scanner is the fact that the scanner COMBINES super-trend and multiple combination of Moving Average.
That way, you can be sure you have the best chance to join the trend with perfect timing, and hopefully extract more profits from the trend than anybody else.
we have the options to scan the scripts on the basis of 1 Indicator or 2 or with all of them at once. we can make combinations of one super-trend or 2 super-trend or Even super-trend and moving Average cross-over.
In addition, it also gives you audio, visual, and pop-up alerts for all of the results on the basis of scanner.
Let’s take a look at how the indicator works:
Functions of Double Super-Trend and Moving Average Scanners
1) Super trend ( need two sets with values configurable option)
Example: Supertrend 1 values 5,2 and
Supertrend 2 values 7,3)
2) 4 simple moving averages (with configurable period options like 6, 15, 30, 35)
Condition:
1) Buy :
Bars closing above both Supertrends and crossing the high of closing above candle)
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2) closing above and crossing the high of any defined MA period (out of 4) or all 4 moving averages
While scanning option is required to select
1) Scanning with only Supertrend
2) Scanning with only MA
3) Scanning with both (Supertrend and MA)
Assigning values for scanner :-
Let Us see how this Scanner works and what are the multiple combinations and options we can use to scan the Scripts:-
Example 1 :-
We would be taking 2 super-trend with customizable option to change variables of the super-trend to scan the scripts.
Let us Have a look at the image below :-
Example 2 :-
We would be taking 2 super-trend with customizable option to change variables of the super-trend to scan the scripts.
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We would be taking Moving Average Cross-over with the option to change the values and types of Moving Average.
we can use 4 different types of Moving average with any combinations of period to have the scanner result on any scripts available on mt4.
Let us have a look at the below image :-
Example 3 :-
We have already enabled the option that anyone can use just 1 Indicator and disable the other, according to their preference.
Suppose if Anyone wants to use just super-trend then it is also possible :-
Example 4 :-
We have already enabled the option that anyone can use just 1 Indicator and disable the other, according to their preference.
And if Anyone wants to use just Moving average then it is also possible :-
Technical details: –
This indicator works on Meta-trader 4
– You’ll get free updates and upgrades whenever we’ll release a new version.
– You can use the indicator on ANY instrument your Meta-trader 4 offers: FX pairs, Gold, Silver, Indices, Futures, Stocks… Take care,
