Forex Madro Golden Filter Indicator
Forex Madro Golden Filter Indicator gives us four signals to filtering 4 strategies:
Broken Trend:
Buy:
1 – Broking the Down Trend;
2 – Crossing of tow Exponential Moving Average: EMA9 Cross Up EMA30;
3 – Momentum value > 100.
Sell:
1 – Broking the Up Trend;
2 – Crossing of tow Exponential Moving Average:EMA9 Cross Down EMA30;
3 – Momentum < 100.
The lower one gives the momentum & the Arrows points to the crossing of 2MA:
Golden Trend:
Buy:
1 – Broking the Down Trend;
2 – Crossing of tow Moving Average: EMA5 Cross Up SMMA15 (Smooth);
3 – DeMarker value > 0.5 & Force Index >0.
Sell:
1 – Broking the Up Trend;
2 – Crossing of tow Exponential Moving Average:EMA5 Cross Down SMMA15;
3 – DeMarker value < 0.5 & Force Index< 0.
The Middle one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Cross:
Buy:
1 – Crossing of tow Exponential Moving Average: EMA5 Cross Up EMA15;
2 – RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX.
Sell:
1 – Crossing of tow Smooth Moving Average: EMA5 Cross Down EMA15;
2 – RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.
The Upper one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Lines:
When the price passed a strong resistance or support we can get a good confirming signal for Buy or Sell by looking to the three signals of the indicator.
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 Madro Golden Filter Indicator?
- Download Forex Madro Golden Filter 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 Madro Golden Filter 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”.
