Market Scanner for Trading Opportunities
- Indicators
- Version: 1.0
- Activations: 5
Constantly checking multiple pair &
charts during day and still missing trade opportunities ? Let Market
scanner do this job and you just focus on analysing opportunities and
making trading decisions.
Specially developed for need of
intraday & scalping Traders .
Must have tools for active traders.
Market scanner indicator constantly
monitors all Pairs from your MT4 watchlist for 9 /20 /50 Moving
Average crosses in 1HR ,4HR & Daily Chart along with Closing
price of last candle and alerts you if trade opportunity is found.
It also provides you information about
early reversals and probable trend changes because Indicator take
into account last closing price of candle also and not only MA cross.
Example of Uses :
Dashboard:
At one glance you have complete
information for position of price & moving averages with
respect to each other & current trend in 1hr 4hr & Daily
Alerts :
1) Price Closing Above/ Below Moving
Averages :
Price alert can be used for both
Entry in the market and exit for active trades.
For Eg. : Alert EURUSD PRICE CLOSED
ABOVE 20MA IN 4HR :
Now this can be early advise to get
into the trade and open Long position on EURUSD,
Also if you are holding SHORT trade
on EURUSD you can use this alert to close or reasses position.
Price crossing and closing above moving
average is very effecient way to track market movement and is a early
sign of Price reversal ,
It can also be used as tool to find
strong continuation patterns which happens during Engulfing candles
on Moving Averages and fake breakouts.
2) Moving Average Crosses :
Scanner will alert you everytime
when any cross over occur in 9/20/50 MA's .
Same as Price alert , MA cross
alert can also be used for timing entry and Exit in market.
For Eg : Alert USDCAD 9MA CROSSING
UP 50MA IN 1HR
With this alert you have probable LONG
Entry in USDCAD in 1hr or if you are SHORT on pair suitable
exit time .
The Sole purpose of this Indicator with
Dashboard is to advise active traders all changes happening in market
and making him more aware of pice movements at the as well as saving
precious time which can be used in technical analysis & trading
decisions rather than scanning for opportunities.
