Forex MACD Scanner With Alerts MT4 Indicator

Forex MACD Scanner With Alerts MT4 Indicator:

About the Forex MACD Scanner With Alerts MT4 Indicator

MACD Dashboard Panel

This indicator helps you to scan symbols which are in the Market Watch window and filter out a trend according to MACD.

Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.

The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line,” is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell – or short – the security when the MACD crosses below the signal line. Moving Average Convergence Divergence (MACD) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.

It shows MACD trend of Each Time-frame in Single Window. Also you can open chart by clicking on values

Test results:

Forex MACD Scanner With Alerts MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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