This indicator is useful for traders that use MACD (trend trading) trading strategies. Although the MACD can be successful used to enter and exit profitable trades, its main purpose is to detect the trend and possible trend reversing signals.
The MACD (moving average convergence divergence) MTF Panel indicator purpose is to:
– display the MACD for any timeframe on the current chart, in a small panel
– eliminate the need to use the default MACD indicator, therefore allowing more space for the price chart
This indicator is useful for traders that use MACD (trend trading) trading strategies. Although the MACD can be successful used to enter and exit profitable trades, its main purpose is to detect the trend and possible trend reversing signals.
The settings allow the trader to display the MACD for multiple timeframes, set the MACD inputs and choose whether or not to receive alerts when the MACD signals change. The panel position on the chart can be changed so it will not cover other indicators or the price / candles.
After the payment, there are two ways to get the RobotFX EA/indi, depending on the license type:
Direct Download : for Standard license type products, the download link will become visible after the payment (registered customers will also be able to find their downloads under Account > Downloads section)
Email Delivery : Extended license type customers are required to send us their trading platform (MT4/MT5) and live trading account numbers (maximum of five) so we can customize their product. The personalized trading tool will be emailed to the customer email as soon as compiled and bound to their account numbers
* Check the Item specifics tab to determine what type of license applies to this product.
⚠ RobotFX trading tools are always in .ex4 / .ex5 filetype format. We suggest the MQL RobotFX website to traders looking for open source code (.mq4 and .mq5) (these are not made by RobotFX Traders).
The ability to view the MACD indicator across multiple timeframes can provide traders with a more comprehensive view of the market and help them make better trading decisions
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Donovan Mullins (verified owner) –
The ability to view the MACD indicator across multiple timeframes can provide traders with a more comprehensive view of the market and help them make better trading decisions