vervoort's crossover - tape
Info
The vervoort's crossover - tape is a Indicator for MetaTrader 5 that theory : sylvain vervoort's article in may 2008 issue of tasc , "the quest for reliable crossovers," describes a trading system based on three functions: the triple exponential moving average (tma), the heikin-ashi close (hac), and the "typical price" (typicalprice). vervoort's strategy trades the crossover of the typical price and heikin-ashi tmasusage : you can use color changes as signalsps: the vervoort's crossover indicator "counts" ion the lag of the heiken ashi "average: price, hence, if you re changing that some more experimenting with periods and different price types is advised.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use vervoort's crossover - tape
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
theory : sylvain vervoort's article in may 2008 issue of tasc , "the quest for reliable crossovers," describes a trading system based on three functions: the triple exponential moving average (tma), the heikin-ashi close (hac), and the "typical price" (typicalprice).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Percentage Crossover Channel Indicator - another powerful indicator for MetaTrader 5 traders.
theory :
sylvain vervoort's article in may 2008 issue of tasc , "the quest for reliable crossovers," describes a trading system based on three functions: the triple exponential moving average (tma), the heikin-ashi close (hac), and the "typical price" (typicalprice). vervoort's strategy trades the crossover of the typical price and heikin-ashi tmas
Also recommended: MA-Crossover Alert - similar indicator with strong performance on MetaTrader 5.
usage :you can use color changes as signals
ps:
the vervoort's crossover indicator "counts" ion the lag of the heiken ashi "average: price, hence, if you re changing that some more experimenting with periods and different price types is advised. for the sake of being be to experiment the full set of heiken ashi prices is provided :
heiken ashi close
heiken ashi open
heiken ashi high
heiken ashi low
heiken ashi median
heiken ashi typical
heiken ashi weighted
heiken ashi average
heiken ashi median body
heiken ashi trend biased price
You may also like: RVI-Crossover Alert - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.