4 Scanner Modes
There are 4 scanner modes available for indicator to scan the MACD. Assumed the selected BUY color is Blue and SELL color is Red, so then the work of the scanner will be as follows:
Mode 1 - Lines Trend
If MACD Line above Signal Line then the box color is Blue. And if MACD Line below Signal Line then the box color is Red.
Mode 2 - Upper/Lower Level 0
If the Average of MACD Line and Signal Line is above level 0 then the box color is Blue. And if the Average of MACD line and Signal line is below level 0 then the box color is Red.
Mode 3 - Upper/Lower Level 0 & Lines Trend
This is the combination of the previous mode 1 and mode 2. If MACD Line above Signal Line and the Average of MACD Line and Signal Line is above level 0 then the box color is Blue. And if MACD Line below Signal Line and the Average of MACD Line and Signal Line is below level 0 then the box color is Red.
Mode 4 - Crossover
If MACD Line is above Signal Line and the previous MACD Line is below Signal Line then the box color is Blue. And if MACD Line is below Signal Line and the previous MACD Line is above Signal Line then the box color is Red.
Dynamic Dashboard
Dynamic dashboard display and can adjust to input settings. Total Timeframes and Total symbols as well as the desired total rows so that it can maximize the efficiency of using chart space.
Entry Signal Arrows
We can use MACD to identify Trend and Momentum. MACD Scanner will scan them and display the result on the dashboard. The question is what should we do when Trend and Momentum are in our hand? When to enter the market? Entry Signal Arrow is one of the answer. This is non repaint. See the MACD direction on the higher timeframes on the scanner dashboard and Entry Signal Arrow on the lower timeframe. Or use candle patterns if possible as another option.
All Symbols All Timeframes
There are 2 options available to define Symbols and Timeframes: Input Symbols and Timeframes manually or simply scan all Symbols/Instruments in the Market Watch and or All Timeframes at the same time. Unlimited Symbols include Forex, Metal, Futures, Oil, Commodities, Crypto and more.
Clickable Boxes to Switch Chart
All Signal Boxes are clickable to switch chart. It is helpful to check the signal of the appropriate symbol and timeframe quickly without having to move to a different chart window. Seems like a small thing but may have an impact on the results of analysis and trading decisions. We can stay focused on market analysis because we can move from one chart to another quickly with just one click.
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FAQS
Is this system an “EA” or "Robot"?
No, this is a manual trading indicator in which you have the final say on all trades. The system will provide you with MACD signals that you can choose to act on or not based on the trade set-up.
I am new to trading Arena. Can I use this system?
Absolutely! This system is very easy to set up and use, and it gives you clear visual signals on the dashboard. It also comes with a comprehensive step-by-step User Guide that explains everything on how to trade with this system.
Can I install 'MACD Scanner' on a MT4 web based/webtrader?
No,You can not.Recently, webtrader does not support the use of external / custom indicators or EA, so it can't work on webtrader.You need Metatrader 4 (MT4).
Can I install 'MACD Scanner' on a Metatrader 5?
No,You can not.It was coded for Metatrader 4.
Does 'MACD Scanner' work on Metatrader Mobile such as Android or IOS?
No,it is not.
Do I need to buy any other softwares to use 'MACD Scanner'?
No,you do not. You only need to install it on the metatrader without additional softwares.
Is there a particular time of the day to trade with this system?
No specific time. This system can be used anytime, 24/7.
Can I run it on a demo account first?
Absolutely. You can run on a demo account for as long as you like until you see that it is making you consistent profits, then you can switch to a real account.
How do I receive the system?
Instantly after payment, you will receive an email that contains the link where you should download the file.
How much money do I need to begin trading?
There is not a minimum value of balance to use 'MACD Scanner'. Depending on your broker rules. You can start with as little as $10 with some brokers. However, most traders prefer the initial deposit to be at least $200.
How does the License work?
You can install on unlimited accounts.
Are there any monthly fees for 'MACD Scanner' System?
No, there are absolutely no monthly fees. This is strictly a one-time purchase.
Does the price include future updates?
Yes, of course. We are constantly hard at work, developing improvements, and adding new features to the system. All future updates of the system are free of charge.
