Multi-Map Indicator System
The indicator Generates Entry Signals based on the combination of Multi Time Frame conditions of 1 set of moving average and 2 sets of MACD.
The importance of the 2 sets of MACD is for using it as a confirmation filter so that the trades generated are those with stronger movement.
For example, if in a sideways market the MACD of M5 charts is showing a downtrend but the higher time frame of the M 15 charts is indicating an uptrend, then the entry signal will not get generated.
In the same way, the MOVING AVERAGE FILTER on a M5 chart can be set for the higher time frame so that it acts as a more robust filter.
For example – if the trader is watching the M5 charts, the MA FILTER can be set to work of M15 or any higher time frame. This way the price needs to be in an uptrend on both M5 AND M15 time frame, and only then will a buy signal be generated.
The system will only generate a BUY signal if the MA FILTER of the Higher Time Frame selected and the 2 sets of MACD of the Higher Time Frame are both in an uptrend.
The combination of the 3 criteria would be a confirmed trade. Therefore many false signals on the lower time frames can be avoided. The entry would be shown on charts, by way of ARROW signal. The multiple targets and stop loss levels are well displayed on the charts for convenience.
Easy. Profitable. Reliable.
TAKE YOUR TRADING TO THE NEXT LEVEL WITH SOFTWARE THAT IS SMART, ADAPTIVE, MODERN AND VERY EASY TO UNDERSTAND AND USE.
GALLERY
