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MACD Dashboard MT5

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 0%
7-Day Profit: 0%
Support: 24Ρ…7 via Telegram
Test it FreeπŸš€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 0%
7-Day Profit: 0%
Support: Developer
Test it FreeπŸš€

Overview of MACD Dashboard MT5

  • The MACD Dashboard is a multi-currency and multi-timeframe indicator designed for MetaTrader 5.
  • It displays both the traditional MACD and the built-in version within MetaTrader.
  • The dashboard helps traders quickly assess MACD signals across various symbols and timeframes.

    • Key Features

  • The dashboard showcases the current state of MACD lines, including their movement direction and intersections.
  • It includes notifications for line crossings and zero level breaches.
  • Customization options allow users to specify pairs and timeframes of interest. πŸ“ˆ
  • Hotkeys enhance user experience, enabling quick visibility and chart interactions.

    • MACD Basics

  • MACD stands for Moving Average Convergence Divergence, a trend-following momentum indicator.
  • It is calculated using three time series: the MACD line, the signal line, and the divergence series.
  • The MACD line represents the difference between a short-term and a long-term exponential moving average (EMA).

    • Dashboard Operational Mechanics

  • The dashboard allows for easy scanning of all pairs for MACD crossings on selected timeframes.
  • Cells in the dashboard can be clicked to open the respective symbol chart for further analysis.
  • Users can set alerts for significant movements and crossings via the alert system integrated into the dashboard. πŸ“Š

    • Usage Recommendations

  • It is advisable to pair the MACD signals with additional analysis tools and indicators for more accurate trading decisions.
  • Best results are often seen when using higher timeframes, as shorter ones can produce more noise.
  • Careful consideration of market conditions and news events is crucial for effective trading using MACD signals.
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