MT4-Multi Trend Buy Sell Signal

Multi Trend Buy Sell Signal WITH TREND DASHBOARD

• The indicator Generates Entry Signals WITH ALERTS based on the combination of Multi Time Frame conditions of 1 set of moving average and 2 sets of MACD .
• The importance of the 2 sets of MACD is for using it as a confirmation filter so that the trades generated are those with stronger movement.
• For example, if in a sideways market the MACD of M5 charts is showing a downtrend but the higher time frame of the M 15 charts is indicating an uptrend, then the entry signal will not get generated.
• In the same way, the MOVING AVERAGE FILTER on a M5 chart can be set for the higher time frame so that it acts as a more robust filter.
• For example – if the trader is watching the M5 charts, the MA FILTER can be set to work of M15 or any higher time frame. This way the price needs to be in an uptrend on both M5 AND M15 time frame, and only then will a buy signal be generated.
• The system will only generate a BUY signal if the MA FILTER of the Higher Time Frame selected and the 2 sets of MACD of the Higher Time Frame are both in an uptrend .
• The combination of the 3 criteria would be a confirmed trade. Therefore many false signals on the lower time frames can be avoided.
• The entry would be shown on charts, by way of ARROW signal.
• The multiple targets and stop loss levels are well displayed on the charts for convenience.

Parameters

Indicator1 = "=========MML===========";-This is setting for the Moving average

 MML =true; - select “true “to have the MA as a filter and “false” if not required. Recommended to “true”

 FirstTimeFrame = M15; - this can be selected from a drop down as listed below. It is Recommended to select a slightly higher time frame for causing less fluctuations and whipsaws.

M1

M5

M15

M30

H1

H4

D1

W1

M1

Current

 MA_Period =13;- can select the period of the moving average , the more volatile the movement, select a higher value or period

 MA_Shift =0;

 MA_Method =0; - selection of Simple(0),Exponential(1), Smooth(2) and Lineal weighted(3)

Indicator2 = "=========MMMM1==========="; - This is the settings section of the 1st MACD

 MMMM1 =true; - select “true” for activating the 1st MACD

 FirstTimeFrame = M15; - this can be selected from a drop-down as listed below. It is recommended to select a slightly higher time frame for causing fewer fluctuations and whipsaws.

M1

M5

M15

M30

H1

H4

D1

W1

M1

Current

 MMMM1_FastEMA =12; - these are the standard settings of MACD , which can be set by the trader

 MMMM1_SlowEMA =26; - these are the standard settings of MACD , which can be set by the trader

 MMMM1_Signal =9; - these are the standard settings of MACD , which can be set by the trader

 MMMM1_AppliedPrice =0; - the moving average applied settings-Close(0),high,low,close,median,typical,weighted close )

 MMMM1_Shift =0; - NA

Indicator3 = "=========MMMM2===========";-This is the settings section of the 2ND MACD

 MMMM2 =true; - this is to select the 2nd MACD filter On or OFF – true or false

 FirstTimeFrame = M5; - this can be selected from a drop down as listed below. It is recommended to select a slightly higher time frame for causing less fluctuations and whipsaws.

M1

M5

M15

M30

H1

H4

D1

W1

M1

Current

 MMMM2_FastEMA =12; - these are the standard settings of MACD, which can be set by the trader

 MMMM2_SlowEMA =26; - these are the standard settings of MACD, which can be set by the trader

 MMMM2_Signal =9; - these are the standard settings of MACD, which can be set by the trader

 MMMM2_AppliedPrice =0; - the moving average applied settings-Close(0),high,low,close,median,typical,weighted close )

 MMMM2_Shift =0;-NA

 Bbarish_Exit = false;- applicable for exit but coming in next version

 Bbarish_Exit_Parameters = "Bbarish Exit Parameters";- applicable for exit but coming in next version

 BB_period_Exit =8;- applicable for exit but coming in next version

 CountBars_Exit =3000;- applicable for exit but coming in next version

 DashboardOn = true;- this is to display the complete dashboard on charts.

 LinesOnCharts = true;- this is to display all the multiple targets and stop loss levels on charts

 LinesLength = 50;- this the custom setting for the length of the targets and stop loss on charts

 PivotsOn =false; - NA

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