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MACD Trend Follower

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Published: 31 January 2020

Current version: 1.2

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MACD Trend Follower

Indicators
Mohamed Amine Talbi
Version: 1.2
Updated: 28 July 2020

The "MACD Trend Follower" is an indicator based on the MACD oscillator. It serves to spot the trend direction by giving it a fixed color until the trend changes (the trend direction colors are customizable).

The default MACD settings for the indicator has been changed to adapt to the fast moving Forex market, but they can be changed to suit the trader.

Recommended settings for the indicator :

- MACD Fast EMA : 8 Periods.

- MACD Slow EMA : 13 Periods.

- MACD SMA : 5 Periods.

Indicator inputs :

- MACD Fast EMA : The Fast EMA for the MACD. Default of indicator has been set to 8 Periods.

- MACD Slow EMA : The Slow EMA for the MACD. Default of indicator has been set to 13 Periods.

- MACD SMA : The MACD SMA. Default of indicator has been set to 5 Periods.

- Up Trend color : The color of the candles in an up trend.

- Down Trend color : The color of the candles in a down trend.

For any suggestion, issues, or question. Please, feel free to contact me at : https://www.mql5.com/en/users/amiine90

more...

865

BAIXAR HR-K 2021.04.28 10:35 #

Gratulation !! sehr guter Indicator

118

Severin Sebastian Creutzer 2021.04.14 12:18 #

It works great. I switch from one period to another and back when it gets two colors in one bar.

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What makes the "Oil Formula" custom indicator special, is that it is not based on indicators, but on an algorithm that predicts to the best possibility of the price direction. The signals given by the indicator can be filtered using one of the built-in MetaTrader 4 indicators, or other strategies for optimal results. It also sends Alerts (window alert, email alert, push notification alert) whenever a buy/sell signal occurs, and the alerts are customizable (they can be turned ON or OFF). Indicat

50 USD

The "MACD Swing" custom indicator is based on the MACD oscillator with custom settings and an algorithm that both serves to generate signals of buy or sell depending on the market status. It also sends alerts (window alert, email alert, push notification alert) whenever a buy/sell signal occurs, and the alerts are customizable (they can be turned ON or OFF). Indicator inputs : - Signal arrow size : buy/sell signal arrow size (between 1 and 5). - Signal arrow distance from the candle : buy/sell

40 USD

The "New Candle" is an Expert Advisor that has an algorithm running beneath it that looks at price action. The EA is a market scalper, which means that trades run for a short period of time and the Take Profit is small, which is the definition of scalping. To the contrary of indicators which are lagging, price action is always running with the price. Best settings for the Expert Advisor : - Lot : It depends on the Account Balance. Default for the EA is 0.01 lot (micro lot). - TP : Take profit s

80 USD

The "MA Cross Plus" EA is based on Moving Average crossovers as its name says. But what is special about this Expert Advisor is that it uses not one, but two algorithms to filter bad trades to the maximum. As all traders know, moving averages are a trend follow. And there is a saying "The trend is your friend". So, why go against the trend when you can ride the trend and profit from it, while avoiding the fake trend at the same time. The default settings of the EA are basic, and have been tested

60 USD

The "Triple Candle" EA is based on the trend following indicator; the moving average. Even though indicators are lagging, but the algorithm behind the EA confirms the trend before riding it. The best timeframe for the EA is H1, and it works best with the EURUSD currency pair. EA Inputs : - MA period : The moving average to determine the trend direction. Default has been set to 34 periods. - MA method : The moving average calculation method. Default is Simple (SMA). - Lot : The lot used for the

40 USD

Switching between multiple tabs, applying multiple indicators at the same screen. All this overloads the screen and consumes the system resources. The "Scorpion Ultimate Dashboard" comes with the solution, combining 12 indicators in a simple dashboard. It provides the trader with the ability to observe a currency pair from many indicators, and thus being able to glimpse many currency pairs in a short amount of time. The available indicators in the dashboard : - Moving Average Period 5 - Moving

40 USD

Trading Binary ? No problem, Scorpion Binary custom indicator helps you spot the entry points to the binary options (call / put). Indicator Inputs : - Signal arrow distance from the candle (in pips) - Signal arrow size (from 1 to 5) - call / put put signal color - Window pop up alert - Email alert - Push notifications Recommended Settings : - Timeframe : M1, M5, and M15 - Expiry time : 3 candles (3 minutes for M1, 15 minutes for M5, 45 minutes for M15) For any suggestion, issues, or question.

30 USD

The "Camel EA" is based on Moving Averages. It confirms the uptrend or the downtrend, and enters the trade accordingly. It has been optimized to follow the trend. The recommended settings for the EA: Currency: EURUSD Timeframe: H1 EA Settings : Default settings are optimized to work best with the settings above. For other timeframes, these settings might need to be changed. EA inputs: - Fast moving average: a moving average that follows the price and smooths it to reduce market fluctuations -

80 USD

Hedge Trader is a panel that helps traders who use the hedging strategy in their trading. The panel style in simple and intuitive, and have the necessary shortcuts a fast trader would need for fast order execution. Features: - Auto double the lot after executing an order. The user only specifies the initial order, then the panel will automatically double the lot after an order execution. - Using basket for auto closing all orders on a predefined floating profit (with the possibility to turn it

30 USD

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