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MACD 2 scalper



don't forget to leave reviews and comments . so that i can make more free tools for you guys . show me some support 


  • THE INDICATOR WORKS ON 
  • BOOM CRASH 1000
  • CRASH 500
  • VIX75
  • AND GBPUSD 
  • AND MANY MORE 
Introduction to the MACD 2 SCALPER The  MACD 2 scalper is obviously based on the Moving Average Convergence Divergence indicator but it has 2 lines that form a cloud. The difference between the MACD and the signal line is presented in the form of a color histogram.


The  MACD 2 scalper fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.


Trading Rules Explanation

General trading rules for the  MACD 2 scalper are pretty simple. Green cloud indicates buy trade opportunities and red cloud triggers sell trades. In this example, we’ve used it in conjunction with a 100-period Exponential Moving Average to determine the overall trend direction. Detailed instructions are provided below.

Buy Signal

Follow these steps for a long trade:

  • Overall trend is bullish (EMA slope is upward)
  • Price is above EMA and doesn’t touch it
  • The cloud switches from red to green
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the last swing low of the market
  • Take profit or exit trade whenever the cloud changes color or use your own method of trade exit


Sell Signal

Follow these steps for a short trade:

  • Overall trend is bearish (EMA slope is downward)
  • Price is below EMA and doesn’t touch it
  • The cloud switches from green to red
  • Sell trade is triggered after the above conditions are met
  • Set stop loss a few pips above the last swing high of the market
  • Take profit or exit trade whenever the cloud changes color or use your own method of trade exit

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.


Bottom Line

The MACD 2 Line indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.

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This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Indicator columns Symbol:  the selected symbols will appear Trend:   bullish or bearish Pattern:  type of pattern (gartley, butterfly, bat, crab, shark, cypher or ABCD) Entry:  entry price SL:  stop loss price TP1:   1st take profit price TP2:  2nd take profit price TP3:  3rd take profit price Current
RSI and TDI Alert Dashboard MT5
LEE SAMSON
5 (2)
Indicators
The RSI / TDI alert dashboard allows you to monitor RSIs at once (selectable by you) on every major pair you trade. You can use it in two ways: 1.   Select multiple time frames and the dash will show you when there are multiple time frames extended beyond normal trading conditions. A great indicator that price has pushed hard recently as it has achieved an overbought or oversold level across multiple time frames so a pullback or reversal is due soon. 2.   Use one time frame (your favourite to tr
Volume by Price MT5
Brian Collard
5 (4)
Indicators
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Session filtering and grouping. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Graphical layering, positioning and styling options to suit the user's analytic and aesthetic n
Insight Pro MT5
Nikola Pocuca
Indicators
Insight Pro is a versatile tool designed for comprehensive data analysis. It offers detailed insights into market trends with features such as distribution analysis, resistance and support levels, and trend analysis. This advanced indicator is perfect for both novice and experienced traders, providing a wide array of analysis tools in a single, user-friendly package. Features: Trend Analysis: Detects and visualizes market trends with precision. Includes an order suggestion system indicating pot
Dark Absolute Trend MT5
Marco Solito
5 (10)
Indicators
Dark Absolute Trend   is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy but use also candlestick patterns and Volatility. We can enter in good price with this Indicator, in order to follow the main trend on the current instrument. It is advised to use low spread ECN brokers. This Indicator does   Not repaint   and   N ot lag . Recommended timeframes are M5, M15 and H1. Recommended working pairs: All. I nstallation and  Update Guide   -  Troubleshooting
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