MACD Trader

This indicator is based on MACD.

You can use the following MT4 indicator (attached bellow) named MACD Trader  to check instantly what the 2 MACD signals are saying and receive alerts whenever a crossover occurs for up to ten currencies with a click of a button.

MACD trader

Using the indicator above you can tell

-What  the MACD Line has been in relation to 0 (x-axis)  for the last 4 periods  Up (MACD vs 0=) or Down (MACD vs 0=) and decide if you want to take -the trade at that moment based on this.

-What  the MACD Line has been in relation to its MA Signal  for the last 4 periods  Up (MACD vs Signal=) or Down (MACD vs Signal =) and decide if you want to take -the trade at that moment.

-What  the last market price was where the MACD line has crossed the 0 line (x-axis).

-What  the last market price was where the MACD line has crossed its MA Signal.

–  How many pips (to the buy/sell signal direction) has the market moved when the MACD line has crossed the 0 line (x-axis)

–  How many pips has the market moved (to the buy/sell signal direction) when the MACD line has crossed its MA Signal.

-Notified by a detailed alert (optional) whenever a crossover occurs  either between the  MACD Line and the 0 Line or with its MA Signal and hence an immediate trade opportunities arises. 

↗  for buying

↘  for selling

Tip:

You can attach this indicator to several charts each time selecting different timeframes, and parameters for the MACD . You will receive an alert each time a crossover has occurred which informs you at which currency pair has occurred the timeframe and the MACD properties.

When you attach the indicator to the chart you get the following options

 

Fast_EMA :  Averaging period for calculation of the Faster Moving Average

Slow_EMA :  Averaging period for calculation of the Slower Moving Average

Signal_SMA :  Averaging period for calculation of the MACD signal

Note that the long period value needs to be greater than the short

Alerts: Whether Alerts to be displayed when a crossover has occurred

Currency #: Which currency pair to be analysed at position #

Currency #_Alerts: Whether Alerts to be displayed for the particular currency pair

This indicator is also available in Multi Time Frames Version. Check it out here MACD Trader Multi Time Frame Version


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