Description
Mega Williams is a clean and efficient trend-following indicator for cTrader, built around a triple EMA crossover system. It identifies high-probability entry signals by detecting crossovers between a Fast EMA (default: 21) and a Mid EMA (default: 50), filtered by a Long EMA (default: 100) to ensure signals align with the dominant market trend.
How It Works
A Buy Signal is generated when the Fast EMA crosses above the Mid EMA while price is trading above the Long EMA β confirming bullish momentum in an uptrend. A Sell Signal fires when the Fast EMA crosses below the Mid EMA while price is below the Long EMA β confirming bearish momentum in a downtrend.
All three EMA periods are fully customizable to suit your preferred timeframe and trading style.
Key Features
- Signal Arrows β Buy and sell arrows are plotted directly on the chart at the candle's low or high for instant visual clarity.
- Confirm on Close β Optionally wait for bar confirmation before displaying a signal, reducing false triggers on live candles.
- On-Chart Dashboard β A minimal overlay displays the current trend direction (Bullish / Bearish) based on price relative to the Long EMA.
- Sound Alerts β Audible alerts fire when a new signal is confirmed on the current bar. A built-in duplicate-prevention system ensures each signal only triggers one alert per bar.
- Customizable Colors β Buy and sell signal colors are freely configurable via simple color name parameters.
- Arrow Offset β An optional pip-based offset lets you fine-tune the visual distance of arrows from the candle wicks.
Best Used On
Works well on any liquid instrument across M15, H1, H4, and Daily timeframes. Higher timeframes produce fewer but more reliable signals.
