The Good Macd Indicator For MT4
The Good Macd Indicator For MT4 is an amazing tool built on the legendary MACD indicator that can both predict the market trend and guide traders into and out of trades using its signal lines to visually assist the traders.
Traders would love this indicator because it is MACd based which means it has all the advantages of using a MACD and also because it is an improved version which means that MACD traders can choose to upgrade to use this tool as it offers much quicker entries and new trend response time is generally faster.
Advantages of using the Good Macd Indicator For MT4
Using the Good Macd Indicator For MT4 will benefit the trader in detecting when there is a divergence in the markets. Usually, the market goes in the same direction as the lines and histogram of the Good Macd Indicator For MT4.
However, when the trader notices that the price is creating a higher high but that the Good Macd Indicator For MT4 is creating a lower high, it is probably a signal for the trader either to take off some profits, take off their entire position or to start thinking about taking a trade in the opposite direction to the present trend.
The Good Macd Indicator For MT4 is a very stable and reliable indicator since it is built on the MACD indicator which is also very stable and reliable as traders have been using it for several decades already.
Using the Good Macd Indicator For MT4 offers the trader clean charts just like using the original MACD since the Good Macd Indicator For MT4 prints its s=histogram and signal lines in a separate window so that it doesn't take up space that the trader could decide to place more indicators on or use for technical analysis on the trading chart or pair.
One of the major upsides to thus indicator would be its ability to detect divergence . Detecting multi-timeframe divergence across different timeframes at the same time could be the key to massive profits as all the traders from the higher and lower timeframes can collectively participate on the divergence and push the price to great limits especially if the higher timeframe divergence leads to a price reversal on that higher timeframe,
The Good Macd Indicator For MT4 consists of a histogram with green and pale green colors, together with two signal lines. One of the signal lines is a bold blue line whereas the other signal line is a broken red line. The Good Macd Indicator For MT4 is very diverse in the following ways. The histogram that it prints is used in the identification of general price trends and for keeping traders in a trend until all the power is gone from a price trend.
The Histogram's peaks and troughs can also be used by technical analysts and traders to detect when a divergence is happening prior to a reversal or price retracement. The two signal lines are meant to guide traders into buying and or selling at the right time when the price is not afraid to move such as in low volatility trading periods.
Generally, the Good Macd Indicator For MT4 is very easy to use as traders can just enter the markets using signals created by the two signal lines of the Good Macd Indicator For MT4 in the direction of the trend. Also, beginner traders will find that the Good Macd Indicator For MT4 does not have a very steep learning curve, unlike other indicators. This means that it is easy for traders to both learn how to use the Good Macd Indicator For MT4 as well as to adapt it as a part of their daily trading systems.
The Good Macd Indicator For MT4 also helps traders to identify those specific times when the markets are turning based on the histogram. For instance, when the histogram of the Good Macd Indicator For MT4 crosses above the zero lines, the trader should immediately realize that the market in a bullish state.
Also, when the histogram of the MACD crosses below the zero lines, the trader would then realize that the market on the particular currency time frame that the trader is currently analyzing is currently becoming bearish and the trader needs to take note. It is also very important to note that regardless of the timeframe, the different kinds of traders can immediately benefit from using the Good Macd Indicator For MT4 as it can even be used for effectively scalping the markets.
The goodness of the Good Macd Indicator For MT4 extends to the fact that can help traders spot as well as participate in very new price trends and unlike several other indicators that help traders achieve this, the Good Macd Indicator For MT4 does not repaint once the session that created the move has been completed. This means that the MACD will firmly stand behind every move that it creates and can help the trader not just to get in on new moves but also to re-join trends that have already started.
A High probability trading Idea
The trader using the Good Macd Indicator For MT4 should open its parameter setting s and set it to 4,8,4. This setting should be applied to the Good Macd Indicator For MT4 in a lower timeframe like the 15 minutes or the 5 minutes. Next, the trader should also set up the indicator with the same exact parameters on the Hour chart if he or she is using the 5 minutes as the lower timeframe or 4 hours if he or she is using the 15 minutes as the lower timeframe.
The trader would then look out for price moves where the higher timeframe Good Macd Indicator For MT4 behaves like the one on the lower timeframe. For instance, when the two signal lines on both the 1 Hour and 5 minutes timeframes cross at the same time. These kinds of moves, when spotted, can help the trader to get in on very big moves on the bigger timeframes from the smaller timeframes.