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ExitPoints MACD

This is ExitPoints's version of the MACD (Moving Average Divergence Convergence) indicator. The MACD has been widely used for decades by financial analysts as a momentum indicator. This version has been normalized to expand the analysis characteristics of the indicator. Since the pattern of the MACD is preserved and only the scale has been normalized, a trader can use all the pattern recognition usage built in to the MACD such as trend changes and reversals. The indicator can be used effectively with any chart time M1-MN).


Default Indicator Parameters:

  • Fast EMA = 12
  • Slow EMA = 26
  • Smoothing or Signal Value = 9
  • Overbought Line = 0.5
  • Oversold Line = -0.5

ExitPoints uses this indicator in its trading systems. The default overbought and oversold lines are representative of the default parameter settings above. These are the number of bars to be used in the calculation of the MACD. If you change the calculation parameters it is recommended that you change the overbought and oversold line values to correspond to the new EMA values.

Since the scale has been normalized across all markets the indicator can be used to identify other characteristics such as when a market is overbought or oversold as well as the development of trade rules that will work across all markets and/or financial securities.

Note this is an indicator and not a trading strategy, It should probably not be relied on by itself to identify trade opportunities but rather be used in conjunction with any other of your favorite indicators to identify trading opportunities.

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HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend Sys
139 USD
Engulfing Bar Indicator
Renaud Candel
Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely based on price action. Inputs of the indicator are : Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in a popup window EmailAlerts (true/fals
97 USD
Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
199 USD
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Maksym Mudrakov
24655
Maksym Mudrakov 2016.08.30 19:45 
 

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