Forex MACD Track Trend Indicator
Forex MACD Track Trend Indicator:
The indicator is attached to one chart and it shows the direction of the trend in accordance with MACD on all timeframes.
Up – Trend up
Down – Trend down
Up->Down – Rising trend but the interchange of the direction downwards is possible soon
Down->Up – Descending trend but the interchange of the direction upwards is possible soon
What does Forex Indicator mean?
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.
How to install Forex MACD Track Trend Indicator?
- Download Forex MACD Track Trend Indicator.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex indicator
- Load indicator on your chart
How to uninstall Forex MACD Track Trend Indicator?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.