The PZ Macd TDI MT5 is a noteworthy indicator that combines the logic of the Traders Dynamic Index with the traditional MACD Indicator. Its primary aim is to facilitate the identification of impactful trend changes and to disregard the meaningless ones in the Forex market.
Key Features of PZ Macd TDI MT5
The PZ Macd TDI MT5 is a reimagining of the classic MACD indicator, with the addition of volatility bands on top. This feature is designed exclusively to ignore trend changes that do not follow an over-extension or over-contraction of the Forex market. The indicator comes equipped with alerts for all types of trend changes, particularly after the volatility bands have been breached.
Its components include a blue line, representing the main line, and a red line, signifying the signal line. The oscillator is the OSMA to view the trend with increased clarity. The bands represent relative oversold and overbought levels.
Forex Strategy Integration with PZ Macd TDI MT5
The PZ Macd TDI MT5 can be used in various Forex strategies, including position trading, scalping, and momentum trading.
In position trading, a long position can be opened if the MACD changes to an uptrend after the main line breaches the lower band. Similarly, a short position can be taken if the MACD alters to a downtrend after the main line breaches the upper band. An optional confirmation can be achieved using the zero level of the oscillator.
In scalping, a long position can be opened if the MACD trend is bullish and the main line does not breach the upper band. On the other hand, a short position can be taken if the MACD trend is bearish and the main line does not breach the lower band.
In momentum trading, a long position can be opened if the MACD changes to an uptrend above the upper band but below the zero level. Conversely, a short position can be taken if the MACD changes to a downtrend below the upper band but above the zero level.
Utilizing Higher Timeframes and Input Parameters
Optionally, higher timeframes can be used with the PZ Macd TDI MT5 to reject or confirm trades, and to achieve better timing. The indicator comes with a multitude of input parameters, such as Fast MA Period, Slow MA Period, Signal MA Period, BB Period, BB Deviations, and Max History Bars, allowing traders to customize the tool to their preferences.
Alerts and Notifications
The PZ Macd TDI MT5 is equipped with a comprehensive notification system that includes visual alerts, email alerts, push alerts, and sound alerts. Traders also have the ability to customize the alert text for each instance of the indicator and choose the sound to play on alert.
FAQ
Who is the author of PZ Macd TDI MT5? The PZ Macd TDI MT5 is developed by Arturo Lรณpez Pรฉrez, a private investor, software engineer, and the founder of Point Zero Trading Solutions.
Can I test the product independently? Yes, independent testing of this product can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the test results of this product.
Can I share my experience of using this product? Yes, users are highly encouraged to share their experience of using the PZ Macd TDI MT5.
Remember, this is an independent product review and the PZ Macd TDI MT5 is not affiliated with the publishers of this review.
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