Tag: forex indicator

BACD Cloud can be found within the indicator section of the MQL5 market place. There may be similar names indicators so we have provided a link below to ensure you know exactly which indicator we are looking at. The indicators was first uploaded by its creator Muhammad Elbermawi on the 17th of November 2019, it has had a few updates, the most recent update was on the 24th of February 2020 and is now at version 2.0.

Overview

The BACD Cloud is should for Bermaui Average Convergence Divergence Cloud, it is an indicator that was designed for the MetaTrader 4 trading platform, which is an oscillator that shows you trend direction and measures its strength in percentages. It does this in the following way:

-Calculate two exponential moving average. One of them is faster than the other. The first is referred to as (Fast) and the second (Slow).

-Find the center between them, where: Center MA = (Fast + Slow) / 2.

-Calculate BACD Line as follow: BACD = 100 * (Fast / Center MA).

-Calculate the BACD Signal Line, which is an exponential moving average of the BACD. The formula is like this: BACD Signal = EMA (BACD).

-Hide the BACD Signal line from the chart.

-Calculate the BACD Histogram Line, which is the difference between the BACD Line and its signal line. (Note: The BACD Histogram is drawn on the chart as a line, not a histogram.)

-If (BACD Line > BACD Histogram Line) then draw a green cloud, to represent the trend.

-If (BACD Line < BACD Histogram Line) then draw a red cloud, to represent the trend.

Some other features of the indicator:

• BACD Cloud does not repaint or recalculate its results
• You can easily switch between FX pairs by pressing in the Symbols Button
• You can add a Standard Deviation Channel easily by pressing the Channel Button
• You can add Grid from different levels of round numbers
• You can add support & resistance levels (Zig Zone Levels)
• You can choose between four different color lists
• Sound, Mobile notification and email alerts depending on user’s choice

There are also plenty of parameters available to change, these will slightly alter the way the indicator functions, some of them include MA periods (fast and slow), whether to show arrows and lines, the arrow size, symbol sources, font sizes, channel length, chart colors, and more.

Service Cost

The BACD cloud currently sells for $50, this will give you unlimited access to its use. You are also able to rent the indicator, it will cost you $10 for one month, or $30 for three months of use. They are providing a demo version of the indicator. However, the site does not indicate whether there are any limitations to the free version.

Conclusion

There are three reviews available for the BACD Cloud indicator, each one is providing a 5-star rating.

“The indicator allows you to analyze the market very quickly, the graphic adaptation is very easy to interpret. It is easy to operate with it as recommended by Bermaui the author but it is also a great complement to use in conjunction with TDO, Bands, and DBD% since the signal that it delivers allows you to filter very precise setups.” – User Comment

“This is a good indicator combined with a daily pivots from a free indicator.” – User Comment

“Very good. Thank you” – User Comment

So as you can see, the three reviews are very positive and shows that the indicator seems to be doing what it is designed to do, as there aren’t too many reviews, we would recommend that you download and try out the free version, this will enable you to make sure you are able to get it set up correctly and that it does in fact suit your needs.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/43772

Forex Gump Scalping can be found within the indicators section of the MQL5 marketplace, it was first uploaded on the 18th of June 2018 by Andrey Kozak, it was then given a few different updates, the most recent updates were on the 16th of February 2020 and it is currently at version 2.0.

Overview

Forex Gump Scalping is an indicator that was created to be used with the MetaTrader 4 trading platform, the indicator was designed with a brand new algorithm which is used for calculating the price direction. It will use this algorithm to predict any further movements of the price and will then provide a buy or sell signal. The indicator was developers for intraday scalping, it is most efficient on the M1, M5, M15, M30, and H1 timeframes.

Some of the advantages of the indicator:

• No signal repainting
• Works on all currency pairs
• Suitable for intraday scalping

There are also some parameters that come with the indicator, these can be altered and include the operation period, fast MA period, slow MA period, signal MA period, averaging period, the width of the thick line, signal notifications, and more.

https://youtu.be/LhkK1Wsxn70

Service Cost

Forex Gump Scalping can be purchased with a one-off payment of $157, this gets you 977 activations and no further limitations. Unlike many indicators in the MQL5 marketplace, there is no option to rent it. There is a free demo version that can be sued with the strategy tester within the MT4 platform.

Conclusion

There are only two reviews but they are both positive giving the indicator an overall rating of 5 out of 5.

“Very happy. I’ve been using it for several weeks with great success. Thank You” – A 5-star review.

There are also two comments but the developer has not replied to them, since the indicator was updated in February 2020 it would seem that it is still being supported, but we would suggest that you send your questions to the creator to ensure that they are still supplying and offering active support before making a purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/29910

FX Snipers T3 CCI Divergence is an MT4 indicator that can be found on the MQL5 indicator marketplace. We have linked to it below so you can see exactly which indicator we are talking about. The indicator was first uploaded on the 2nd of November 2016, its current version is version 2.0.

Overview

The FX Snipers T3 CCI Divergence indicator is an indicator designed to be used with the MetaTrader 4 trading platform, the indicator will display divergence as a solid line, and a reverse divergence as a dotted line. Divergences will then be drawn in the indicator and on the chart.

There are a number of parameters that can be altered on the indicator:

• CCI Period — Commodity Channel Index indicator period
• CCI Type of price — price used for indicator calculation
• T3 Period — Sniper period
• B — Sniper multiplier
• Method for finding divergences — display divergences:
• Classical divergence
• Reverse divergence
• Both divergence’s
• Disable — do not show divergences
• Draw lines in the indicator — show lines on the indicator
• Draw lines on the chart — show lines on the chart
• Display Alert of Divergence — show popup alerts

Service Cost

The indicator will cost you $10 to purchase, there is not an option to rent it. There is a free version available, however, we do not know if there are any limitations to the free version, it is a good way to try out the indicator.

Conclusion

Unfortunately, there aren’t any reviews or ratings for this indicator, there are a couple of comments, the creator of the indicator has replied to both of them which is a positive and shows that they are willing to help out their clients. As we do not have any reviews to indicate whether the indicator works and does what it says, we would highly recommend that you download and try out the free version, just to make sure that you are able to set it up correctly and that it is functioning properly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/19173

The KT Momentum Arrows is an indicator to be used on the MetaTrader 4 trading platform, it is currently available on the MQL5 marketplace. So that this review is not confused with another indicator, we have provided a link to it below. The KT Momentum Arrows indicator was first released on the 1st of November 2018, it has been updated a number of times, it is now on version 2.2 and was last updated on the 7th of January 2019.

Overview

The KT Momentum Arrows is an indicator designed to be used on the MetaTrader 4 trading platform (there is a MetaTrader 5 version available too). It is based on a momentary breakout which is calculated using the band deviation and emerging volatility in a certain direction.

“A buy signal is generated when the price close above the upper band and a sell signal is generated when the price close below the lower band.”

Some of the key features include:

• No Repainting
• A great entry tool for momentum traders
• Performance analysis elements such as Win/Loss, Success rate, Avg. Profit etc.
• Suitable for Day Traders, Swing Traders, and Scalpers

There are some additional parameters that can be changed to alter its functionality slightly such as history bars, magnitude coefficient, performance analysis, alert settings, and more.

Service Cost

This software will cost you $60 to purchase, there are no renting options so you are only able to buy it outright. There is also a free demo version of the indicator available, but there is no mention as to what the limitations of the free version are or if there is a time limit to its use.

Conclusion

There are no reviews available for this indicator which is a shame as it means we do not know if people are finding it useful and if it, in fact, does do what it claims to do. There is a comment available which is a question to the creator, but there is no reply so it does not look like the creator is being very active in helping those that require a question answered. Due to this, we would suggest that you download and try the free version before making a purchase, to test that it does in fact do what it says and so you can make sure you are able to get it set up properly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/32910

MA Channel SK can be found within the indicator section of the MQL5 marketplace, we have provided a link below so it is not confused with any other similarly named indicators. The indicator was first uploaded on the 16th of July 2015 by Sergei Konoplev, it was most recently updated on the 5th of August 2015 and it is currently at version 12.1.

Overview

The MA Channel SK is an indicator for MetaTrader 4, the indicator is based around Moving Averages.

The main features of the indicator:

• MA_Channel_SK defines reasonable market entry/exit points
• Forecasts the possible future price movement
• Creates equidistant channels that become dynamic support and resistance levels
• Greatly facilitates the visual analysis of the market

There are also a few settings that can be altered, these include the MA period, averaging method, price type, grid step for different time frames, text color, number of bars to display, and more.

https://youtu.be/fLtNg9LWK-Q

Service Cost

The indicator will cost you $10 to purchase it outright, this will give you unlimited access to it. Many indicators on the MQL5 marketplace have the opportunity to rent them, this one, however, does not. There is a free demo version, but the limitations of the free version are not known or displayed on the site.

Conclusion

At the time of writing, there are two reviews available for the MA Channel SK indicator, both of them are giving it 5 out of 5.

“Powerful indicator” – User Review

“Good tool”- User Review

The reviews aren’t giving a whole lot of detail, but they are at least positive. There are a number of comments also, the developer has replied to some of them but not all, but he has responded to the ones that needed a response which is good. As there aren’t many reviews, we would strongly suggest that you download the free demo version to test out and also contact the developer so you can be sure that it does what you need it to do before you make a purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/10568

Arbitrage Tief Index was created by Philip Pankaj and was first uploaded on the 23td of March 2019, it has had a number of updates, the most recent update was on the 22nd of January 2020 and is currently at version 1.80. It can currently be found on the MQL5 MArketplace under the Indicators heading.

Overview

Arbitrage Tief Index was created for the MetaTrader 4 trading platform, there is a MetaTrader 5 version also available on the MMQL5 marketplace. The aim of the indicator is to analyze the best arbitrage options, it will look at multiple currencies correlations and will look for positive, neutral, and negative correlations.

Some of the main features of the software:

• Great for novice traders as well as experienced traders.
• Low-risk entries.
• Doesn’t repaints.
• No additional Indicator is needed.
• It’s a trading strategy itself.
• It is perfect for scalping Basket trades.
• Simple and easy to use.
• Works in both trending and non-trending markets.
• Popup Alerts, Push Notification, and Email alerts.
• It can be integrated into Expert Advisors.

In terms of parameters, there aren’t many of them, there are some options for alerts such as popup alerts, email alerts, and push notifications.

Service Cost

The Arbitrage Thief Index EA indicator can be purchased for $89, this is a one-off payment and can then be activated up to 10 times. There is also an option of renting the indicator, you can do this on a monthly basis which will cost you $49 per month, there is also a three-month option which will cost you $69 for that time period.

A free demo version is also available, this version will have some limitations, the site does not indicate what they are but this normally means that it can only be used with the strategy tester within the trading platform. It may be worth downloading to try before you make a purchase.

Conclusion

At the time of writing, there are currently 25 user reviews for the Arbitrage Thief Index which are giving the indicator an overall rating of 4 out of 5.

“This indicator and the strategy are awesome. I’ve tested it on my tiny real account and was quite successful with it if you follow the rules. I’m moving to my bigger account. Thank you, Philips!” – A 5-star review.

“The strategy behind the indicator is very good. It is a very professional operating technique. If you want to operate a large investment fund this is your indicator if on the contrary, you are looking for unusual returns and with great risk, look for martingale robots that will exploit your account. “Arbitrage Thief Index” is very professional and very safe.” – A 5-star review.

“Not good. Too many false signals.” – A 1-star review.

The majority of the reviews are very positive, the main negatives are not giving a lot of information on the issues, but it does not seem to be working well for some, while others it does exactly what it says it is meant to. There re also over 700 comments, the developer has been very active replying to each one which shows that they are still supporting the indicator and those that have purchased it which is great to see. We woulda device trying out the free version before making a purchase just to make sure that it does in fact do what you need it to do.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37026

Laguerre VIX Trend Extrema is currently found on the MQL5 marketplace under the indicators category. We have provided a link to it below. The indicator was uploaded by Synapse Investment Research Group on the 13th of February 2017, this was the first version uploaded and is currently at version 1.4.

Overview

Laguerre VIX Trend Extrema is an indicator for the MetaTrader 4 trading platform, it was designed to detect market tops and bottoms, it is a percentage price oscillator that will help to detect the market ranges.

The indicator is also able to send out alerts in the form of messages, sounds, or emails.

There are three different variations to the algorithms:

-Regular: Laguerre price oscillator for maxima and minima detection.

-VIX: Regular LVTE for maxima detection, but modified VIX fix for minima detection.

-Instantaneous: A variant on the “regular” Laguerre price oscillator to maximize forward detection using a lag-less calculation, while also minimizing false positives. However, this is at the expense of smoothing.

The indicator also comes with a number of different parameters, some of them include the calculation variant type, the color schemes, maxima offset dots, percentile thresholds, Bollinger band length, and deviations, to turn alerts on or off, to change the alert type, the Laguerre calculation periods, and more.

Service Cost

The Laguerre VIX Trend Extrema indicator can currently be purchased for $99, this will get you unlimited access with no restrictions. If you do not wish to purchase it outright you are also able to rent it on a monthly period, this will cost you $33 per month, or you can rent it for 3 months which will cost you $66.

The site indicates that there is a free demo version which will have some limitations, the limitations are not actually mentioned on the site so we are not entirely sure what they will be, it is always a good idea to test out the free versions though.

Conclusion

There are two reviews available for the Laguerre VIX trend Extrema indicator, they are both giving it 5 out of 5 ratings.

“I trade harmonics and using all 3 variants simultaneously provides solid reversal confirmations.” 5-Star Review

“Professional indicator to help find market tops and bottoms. This was exactly the indicator I was looking for to help me find reversal opportunities.”

So both the reviews are giving it very positive reviews, there are also 2 comments, the developer of the indicator has replied to one of them with a very comprehensive answer, the second one he did not reply to. This can often be a sign as to what sort of support you will receive. Due to there not being many reviews, we would strongly suggest that you download the free version to try out, also be sure to send any queries to the developer so you can be sure that the indicator is right for you before you make a purchase or rent the software.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/19540

PZ Trend Trading is currently found within the indicators section of the MQL5 marketplace. It was created by Arturo Lopez Perez and was first uploaded to the marketplace on the 6th of December 2013, it was most recently updated on the 18th of February 2019 and is currently at version 5.0.

Overview

PZ Trend Trading is an indicator for the MetaTrader 4 trading platform, it was created to profit from trends taking place within the markets. It will time pullbacks and breakouts by analyzing what the price is doing during already established trends.

The main features of the indicator:

• Profit from established trends without getting whipsawed
• Recognize profitable pullbacks, breakouts and early reversals
• The indicator analyzes its own quality and performance
• It implements a multi-timeframe dashboard
• The indicator is non-repainting
• It implements email/sound/visual alerts

There are a number of parameters available these include things like the indicator period, to display the sub-trend, pullbacks, breakouts, corrections, the maximum number of bars to use, to display statistics, drawing settings, alerts, and more.

Service Cost

The indicator can currently be purchased for $299, this is a one-off payment and will allow you to activate the indicator up to 100 times. There is also the option to rent it on a monthly basis which will cost you $49 per month. There is a free demo version that is usable with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

There are only three reviews available but they are all positive giving the indicator an overall rating of 4.5 out of 5.

“Very good indicator. I trade it with an EA. Very strong and profitable. Thank you, Arturo“ – A 5-star review.

“A very simple and easy to use.” – A 5-star review.

“I use this indicator in an EA I wrote, and for this purpose, it is very helpful. I just use a couple of basic signal confirmations and proper money management. However, for manual trading, I don’t think this indicator is necessary. The signals it provides are noticeable to the eye of most successful traders. For automated trading, I give this indicator 5 stars. For manual trading, I give it 3.” – A 4-star review.

So the reviews are very positive which is good to see, there are also over 100 comments, the developer was originally replying to most of them, but the most recent one in 2019 has not had a reply, in fact, the last reply was back in 2017. Due to this, we would suggest sending your queries to the developer to see if they reply, if they do then it is a good sign that the indicator is still being actively supported.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/1422

HL Panel can be found on the MQL5 marketplace under the indicators section, there may be others with similar names so we have provided a link below to the one we are looking at. First uploaded on the 12th of January 2018 by Tsvetan Tsvetanov, it was updated on the 19th of January 2018 and this brought it up to version 1.1.

Overview

The HL Panel is an indicator for the MetaTrader 4 trading platform, its main purpose is to detect breakouts and it will give you real-time signals when the price reaches new daily, weekly, or monthly highs and lows. The panel will also allow you to switch symbols quickly.

The main features of the indicator:

• The indicator detects breakouts in real-time and gives visual signals with text and color
• Simultaneous signals from 3-time frames. (Daily, Weekly, Monthly)
• Automated alerts.
• The interactive panel which gives you the ability to switch the symbol on the chart instantly with one click
• Horizontal levels with price labels on the chart
• The indicator is automatically synchronized with the Market Watch window in Meta Trader 4 where you can set lists with your favorite symbols
• The indicator works very well in combination with the Interactive RSI Matrix. This way not only you can detect the breakouts, but also you can see the strength of the breakouts
• Multiple confirmations from different indicators create stronger signals

There are also a number of different settings available that can alter the way the indicator functions. Some of the available settings include the number of symbols, to how the daily, weekly or monthly signals, alerts, panel sizes, fonts, colors, and multiple other options too.

Service Cost

The HL Panel can be purchased for $30, this will give you an unlimited version without any limitations, there is also the option to rent it, this will cost you $12 per month to rent.

There is a free demo version, it is very limited as it will only work on the strategy tester and will only work with one pair, even though it is limited, we would suggest downloading it just to see how it works.

Conclusion

At the time of writing this review, there were three reviews available, they are giving the indicator an overall rating of 4.5 out of 5.

“IT WORKS” – A 3-star review.

“Good utility panel.” – A 5-star review.

“I absolutely love this panel, the best high low panel on here. The seller is fast to respond to emails. 5 stars :)” – A 5-star review.

The reviews are all relatively positive and show that the indicator is doing what it is meant to do. There are also a number of comments, the developer seems to be doing a good job replying to the questions and queries which is a good sign as to the kind of customer support you will receive should you decide to purchase the indicator. In regards to purchasing it, we would suggest trying out the limited free version just to make sure you can get it set up correctly and that it will work as intended for you.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/27331

The KFX Support and Resistance Modified can be found on the MQL5 marketplace within the indicators section. We have added a link to it below so you cans ee exactly which indicator we are looking at. The indicator was created by Marcel Kirchhof and was first uploaded on the 15th of March 2018, there have not been any further releases so the current version of the indicator is version 1.0.

Overview

The KFX Support and Resistance modified is an indicator that can be used with the MetaTrader 4 trading platform. The indicator was designed to help you find support and resistance levels, it also helps to increase the number of confirmation for stronger levels. The indicator will use information from multiple timeframes and not just the one it is attached to, it also allows you to show strong levels of support and resistance where the price respects a level more that one time.

How the indicator works:

-For smaller timeframes up to M30, I recommend at least 3 confirmations. This filters stronger levels with subsequent strong movements.

-For larger timeframes of H1, I recommend 2 confirmations. In these timeframes, subsequent strong movements are often seen after 2 confirmations.

There are a few parameters that can be altered to help make the indicator more suit your own requirements:

• Range – the range is a lookback window, number of bars. within those 10 bars must be at least 3 with a low below the level, high above the level, and close below the level.
• Confirmations – number of confirmations
• Res line color – adjustable color for the resistance line
• Sup line color – adjustable color for the support line

Service Cost

The indicator can be purchased for $30, this will give you unlimited access to it, there is no option to rent the indicator so the only option available is to purchase it outirght., The site does have a free version available, this will come with some limitations, however, the website does not indicate what the limitations are, it is always worth downloading and trying the free version.

Conclusion

There are no reviews or comments for this indicator, due to this we do not know if people using it are finding it useful or not, so we would highly recommend that you download and try out the free version, this will give you an idea of how well it works prior to making a purchase. You should also contact the developer with any questions that you may have, this is another way of ensuring that it has the features that you need prior to buying it.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/28376

Info Plus can be found on the MQL5 marketplace and is under the indicators section. There may be others with similar names so we have added a link to it below. The indicator was created by Richard Waweru and was first uploaded on the 30th of March 2017, it was most recently updated on the 19th of November 2018 and is currently at version 1.4.

Overview

Info Plus is an indicator that can be used with the MetaTrader 4 trading platform that aims to provide you with additional information about the markets and charts that you are viewing.

Info Plus will give you the following bits of information:

• Bid Price
• The high and low of the day
• Candle time left
• Current spread
• Selected timeframe
• The asset class selected (Symbol)
• Pip value
• Open Positions
• Total pips booked
• Pips per trade
• Session times (they may not be accurate and are subject to changes)
• Date and time

There are also some additional parameters available that can be used to change the way the information is displayed, some of the options include the header and footer position and location, the colors for each bit of individual information such as pips, font size and type, symbol colors and more.

Service Cost

The Info Plus indicator is completely free, no charge at all, due to that there is also no rental options or demo versions, the full version comes completely free and fully functional. So it may be worth downloading just to see if it works for your needs.

Conclusion

18 reviews in total, giving it an overall rating of 5 out of 5.

“Indicator provides you what you need to know when you need to know it…” – A 5-star review.

“Very good indicator and easy to use and read, a must-have on all charts” – A 5-star review.

“Very good, thank you.” – A 5-star review.

The reviews are all very positive which indicates that it is doing what it was designed to do, there are plenty of comments, the developer has been replying to some but not many of the more recent ones which are a slight concern, we would recommend sending any queries that you have to the creator, if they reply at lease you will know that they are still supporting the indicator, as it is free, it could be worth downloading just to see if it suits your needs.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/21611

Infinity TrendLine Pro is an indicator that can be found within the MQL5 indicator marketplace. They may be others with similar names so we have provided a link to ensure that you are looking at the same indicator that we are. The indicator was first uploaded by Evgenii Aksenov on the 20th of February 2019, it has had a number of updates, the most recent of which was on the 13th of March and this brought it up to version 8.9.

Overview

The Infinite Trendline Pro is an indicator that can be used with the MetaTrader 4 trading platform, there is another version available for the MetaTrader 5 platform too.

The indicator works by analyzing the strength of bulls and bears (buys and sells). It will show you a highlighted trend line including an entry point and recommend take profits and stop losses. It will also provide a signal as to whether you should buy or sell. You can use the indicator on any currency or asset.

There are a number of settings available for the indicator, they can be changed to alter the way it functions, some of these include the calculation type, the amplitude, range bars, take profit settings, calculation periods, whether to shift stop losses, a higher timeframe filter, time filter, and more.

Service Cost

The Infinity Trendline Pro can be purchased outright for $75, unlike many others, there is not an option to rent this indicator. There is a free version available, but there is no information about what the limitations are on this free version.

Conclusion

There are 112 reviews available for this indicator which shows that it is quite well used, the overall rating of the indicator is 5 out of 5 which is a very big positive.

“Quite impressive on this indicator together with TradeUtility for auto or semi-auto trading in most pairs. Will keep on going to test with different parameters” – A 5-star review.

“An excellent indicator, simple to use and the best bit is you make more than what you’ve paid for it within a couple of trades. Thanks” – A 5-star review.

“Forget signals, this is the only realistic option if you want to make a profit and not simply waste time. Yes, there are gremlins and glitches; but they are few, and, for the main part, this is really nice indicator with excellent support.” – A 5-star review.

There are plenty of very positive reviews, there are also a lot of comments, the creator of the indicator is replying to most of them which can show that the support being provided is of high quality. As with any indicator, we would suggest downloading and trying out the free version before making a purchase, this way you can make sure that it is working as intended and that you are able to get it set up correctly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/36087

FFx MACD Dashboard MTF Alerter is currently found within the indicators section of the MQL5 marketplace. We have added a link to the exact indicator that we are looking at below. The indicator was created bt Eric Venturi-Bloxs and was first uploaded on the 28th of July 2014, it was then updated on the 1st of September 2014 and is now at version 1.1.

Overview

FFx MACD Dashboard MTF Alerter is an indicator for the MetaTrader 4 trading platform, it was created to show you on a single chart, all the timeframes with their own statuses within the indicator.

There are two different alert options, the single timeframe option will mean that each timeframe will be selected individually and alerts will be sent separately when a signal is generated. The multiple timeframes options mean that all selected timeframes must agree with the signal before an alert is sent.

There are a few different options available:

• Select the timeframes to trigger the alerts
• Alert pop up/sound/email/push
• Activate/deactivate the alert directly on the chart
• Position on the chart
• And, all usual settings of the standard indicator

Service Cost

The indicator can currently be purchased for $10, this will give you unlimited access to it with no added limitations, there is not an option to rent the indicator so purchasing it is the only option available. There is a free demo version, but the limitations are not known or stated on the site, it may still be worth downloading it to try out.

Conclusion

There are currently 5 reviews available, they are all positive and have given the indicator a rating of 5 out of 5.

“This is a great tool! It saves so much time. Eric, you have so many very useful indicators, I really appreciate the other ones I have purchased also.” – A 5-star review.

“I should say the developer is very helpful and he will answer all your questions. wonderful indicator, Thanks a lot” – A 5-star review.

“I am a real Fan of FFx tools and its a pleasure to communicate with Ferru… you feel never alone… FFx MACD Dashboard works great and even when adjusted to all TF… around 10 very good and strong entry signals per day..” – No rating is given.

So the reviews are all very positive which is a good sign, there are also over 20 comments, the developer has been responding to them in a prompt manner which shows that he is still actively supporting the indicator which also shows us that you will receive good quality customer support should you decide to purchase it. We would suggest trying out the free version, it may give you an idea as to whether it does what you need it to or not.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5351