DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

See the Dow Theory direction of six timeframes in one panel.

DowgatorPro2 judges the current trend direction (up or down) automatically by Dow Theory, using closed bars only. It carries over the features of the earlier e-DowgatorPro and puts first that even a beginner can read the direction without confusion. The direction of six timeframes (M1 to D1) is shown on the panel in color.

Features

1. Check direction mismatch: see on the panel whether your chart's timeframe agrees with the higher timeframes.
2. Direction change line (new in the renewal): drawn on the chart. If the price is above the line, the direction is up; below it, the direction is down.
3. Trend change alerts: when the first move of a trend change is detected, an arrow marks it and an alert, e-mail or push notification is sent. A record of the notice stays on the chart.
4. Panel: a foldable panel on the chart. Change the display on the panel without touching the inputs.
5. Pullback / rally zone: Fibonacci 38.2-61.8% of the current swing, shown as a zone.
6. No repainting: judged on closed bars only (the change line itself moves with the market).
7. Wick or body: choose whether bars confirm on the wick or on the body.
8. Any symbol: all symbols and timeframes, including gold and crypto.

One way to use it

1. Read the overall direction on the panel (multi-timeframe analysis).
2. Your timeframe (e.g. M5) and a higher one (e.g. H4) point the same way.
3. A trend change arrow appears.
4. Wait for the edge of the Fibonacci zone.
5. Consider a trade as the price nears the zone edge, using the change line as the line to consider closing.

Notes

• No DLL and no external connection.
• Panel text in English or Japanese.
• This indicator shows the state of the market. It does not trade and does not promise any results. The zone and the change line are guides, not a promise of where the price will stop or turn.