Just some thoughts: I'm not understanding why you need 5 MAs if your looking for convergence; why not just look at when the highest and lowest cross? Also, if you're getting down to small specifics in the indicator, like the ability to have a 5 min MA vs a 1 min EMA, why not just make it into an EA at this point? Set it to values where you'd always take a position if it alerted you, and let it do the trades with tight SL & TPs, instead of waiting for alerts all day. If you're scalping and down to 1 min values, you'd probably want to add in the current spread at the cross point into the decision, and maybe the slopes of the lines...
