Forex ema indicator download indicator scans signals from several Forex indicators across multiple time frames and transforms everything in a neat box with up and down arrows. Up – buy, down arrow – sell.
The information box can be moved to any of the 4 chart corners by changing the settings parameter “Corner” from 1 to 2, 3 or 4. When red is below blue – green arrow, buy. MACD 12, 24, 6 – remember you can change indicator settings, on the screen shot I put MACD back to standard 12, 26, 9 settings. MACD signals are the same as for Stochastic – simple lines crossover. When MACD histogram is above zero and MACD signal line is hovering above the histogram – Sell.
When MACD histogram is above zero and MACD signal line is trading inside the histogram – Buy. When MACD histogram is below zero and MACD signal line is hovering below the histogram – Buy. When MACD histogram is below zero and MACD signal line is trading inside the histogram – Sell. 5 EMA above 8 EMA – buy, opposite – sell. That shouldn’t create difficulties, we have: 4 hour, 1 hour, 30 min, 15 min, 5 min and 1 minute charts. Taking all those signals into account when entering a trade would, most likely, be impractical – there is too much information to digest.
An ideal case is when across multiple time frames you have the same signal for any particular indicator: for example, all green arrows for MACD across all time frames. You don’t want to sell when you see this signal. Panel_Trend indicator speaks for itself, it suggests a current trend and tells how strong this trend is. Unfortunately, it is unknown what formulas and indicators are involved in trend evaluation. But after installing i am getting red and green “e” instead of an arrow mark as shown in the diagram.