Scanner TTM Squeeze MACD

The Forex market is a complex field that requires strategic thinking and the use of effective tools. One such tool that has been gaining attention is the Scanner TTM Squeeze MACD, a market scanner based on the TTM Squeeze with MACD technical indicator. This Forex tool has seen wide usage, prompting a review of its features and how it can optimize Forex trading.

How the Scanner TTM Squeeze MACD Works

The Scanner TTM Squeeze MACD operates on the MetaTrader 5 platform. It scans only the instruments present in the Market Watch window, with an impressive capacity to scan up to 5000 tools. It is essential to note that the scan timeframe is dictated by the timeframe panel of the terminal. To activate the scanner, one must attach the Expert Advisor to any open chart, which will trigger the appearance of the ‘Search’ button on the upper left corner.

Signal Search and Display

Upon clicking the ‘Search’ button, the scanner commences the signal search. If signals are detected during the scan, corresponding buttons will appear. Clicking these buttons will open a new tab displaying a chart with the discovered signal. This opened chart will adopt the template specified in the settings. However, if no template is specified, the chart will open with default settings.

Scanning for Squeeze and Release Signals

For those interested in searching for symbols where the price is in a ‘squeeze’ state, the “Required black dots count for Release signal” parameter must be set to 0. Alternatively, if traders are interested in ‘release’ signals, this parameter should be set to a non-zero number. The scanner will then actively search for ‘release’ signals after the specified number of black dots.

Independent Testing and Updates

Traders can watch independent testing of the Scanner TTM Squeeze MACD on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product, allowing them to stay informed about its performance and effectiveness.

FAQ Section

What is the Scanner TTM Squeeze MACD?

The Scanner TTM Squeeze MACD is a market scanner that operates on the MetaTrader 5 platform. It scans the instruments in the Market Watch window and is based on the TTM Squeeze with MACD technical indicator.

How does the Scanner TTM Squeeze MACD work?

The scanner begins its signal search once the ‘Search’ button is clicked. If signals are found, corresponding buttons appear which, when clicked, open a chart with the found signal in a new tab. The chart uses the template specified in the settings or default settings if none is specified.

How can I search for ‘squeeze’ and ‘release’ signals?

To search for ‘squeeze’ signals, set the “Required black dots count for Release signal” parameter to 0. For ‘release’ signals, set this parameter to a non-zero number.

We invite readers to share their experiences using this product in the comments. Remember, this is an independent product review, and we look forward to hearing your views and experiences with the Scanner TTM Squeeze MACD. This review aims to provide a comprehensive analysis of the product, and your input would be invaluable.