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MCDX Pro MT4

Demo downloaded: 5

Published: 25 January 2024

Current version: 1.0

MCDX Pro MT4

Indicators
Yeo Keng Giap
Version: 1.0
Activations: 5

MCDX Pro is based on Buyer and Seller Volume analysis.

Buyer also known as Banker is represented by GREEN BAR

Seller also known as Retailer is represented by RED BAR

The indicator is showing STACKED BAT representing BANKER (Green) and RETAILER (Red) activities

Height of GREEN bar > 50% means Bull is in control while RED bar > 50% means Bear is in control.
DARKER GREEN COLOR - STRONG BANKER - Active Buying Activity
LIGHTER GREEN COLOR - STRONG Down - Weak Buying (Pullback)
DARKER RED COLOR - STRONG RETAILER - Active Selling Activity
LIGHTER RED COLOR - WEAK RETAILER - Weak Selling (Pullback)
YELLOW in the middle is indecisive. The volume is insignificant to push up nor down.

Bankers and Retailers activity were average up in MOVING AVERAGE lines.

Thin Magenta Color representing BANKER's Moving Average.
Thicker light blue (Aqua) color representing RETAILER's Moving Average
BULLLISH is when Thin line (Banker) is above Thick line (Retailer)
BEARISH is when Thick line (Retailer) is above Thin line (Banker)
GOLDEN CROSS is when Banker MA cross above Retailer MA
DEAD CROSS is when Retailer MA cross above Banker MA

Input MCDXOffset is to change the sensitivity of the indicator.

FAST = Most Sensitive.
SLOW = Less Sensitive

Example of LONG Trade Setup

Banker (Green Bar) become strong AND % of the GREEN BAR growing
GOLDEN Cross

Example of SHORT Trade Setup

Retailer (Red Bar) become strong AND % of the RED BAR growing
DEAD Cross

more...

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