SFT Full MACD | FREE Forex Indicator for MT4
A classic indicator with advanced features for more accurate display of the situation on the market.
All the settings of moving averages are available, such as the average type and the price at which it is built.
It is also possible to change the display of the indicator - line or histogram.
Thanks to the additional parameters, it became possible to fine tune.
Available for FREE: https://mql5.com/4brwg
Distinctive features
- Does not redraw;
- Additional parameters for fine tuning;
- Display as a line or as a histogram;
- Works on all timeframes and symbols;
- Suitable for manual trading and for the development of advisers.
For more accurate inputs and additional confirmation of signals can be used in conjunction with other indicators.
Indicator settings
- Period_FastMA - the period of the fast moving average;
- Period_SlowMA - the period of the slow moving average;
- Period_SignalMA - the period of the signal moving average;
- Method_FastMA - type of fast moving average;
- Method_SlowMA - type of slow moving average;
- Method_SignalMA - the type of the signal moving average;
- Price_FastMA - prices for building a fast moving average;
- Price_SlowMA - prices for building a slow moving average;
- Line_or_Histo - display of the indicator true - as a line, false - as a histogram
Trade recommendations
- If the histogram (line) is above zero and the highs are rising, then there is an uptrend in the market.
- If the histogram (line) is below zero and the lows fall, then there is a downtrend in the market.
- The appearance of local minima and maxima on the histogram indicates that the price may turn around or begin correction.
- If the histogram (line) crosses the zero level from the top down - this is a sell signal, if the bottom-up is a buy signal.
- Classical signals of divergence between the indicator and the price chart are additional confirmation signals.
- The direction of the transaction should correspond to the direction of the trend on the older timeframe.
- Exit from the transaction on a reverse signal or on established SL and TP
- When using SL and TP, it is desirable to set SL for the nearest extremum, TP = 1..2 SL
There are other options, in the process of trading you can develop the most convenient tactics for you.
We wish you a stable and profitable trade.
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