Watch the testing video here:
Macdio Trigger Forex Indicator
Introduction to the Macdio Trigger Forex Indicator
The Macdio Trigger Forex indicator is a trend indicator based on the famous Moving Average Convergence Divergence gauge.
The core of that indicator is a dotted line that takes three colors: pink, green and yellow.
When the dots are green (above 0 level) – there is an uptrend and you can look for buy trades. Similarly, when the dots are pink (below 0 level) – there is a downtrend and you can look for sell trades. Yellow dots at 0 level means market imprecision.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Macdio Trigger Forex indicator in MT4?
Copy and paste the macdio-trigger-forex-indicator.ex4 or macdio-trigger-forex-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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