The micro trading dashboard MT4 Forex indicator displays buy and sell signals for 5 different technical indicators.
The 5 indicators are: RSI, PSAR, MA, MACD and ADX.
The micro Forex dashboard also displays the final output signal based on the 5 indicators. Either buy or sell.
You can modify the dashboard’s corners, scale, off set and the Metatrader 4 symbols used to generate the buy and sell arrows.
Generally, it gives you a good idea about the currency pair’s trend and trend strenght.
When all 5 indicators align, it means the buy or sell trend is strong.
The dashboard works for scalping, day trading and swing trading.
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Micro Trading Dashboard Indicator Chart
Here’s an example of how the Micro Trading Dashboard indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Micro Trading Dashboard Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a buy trade when all 5 technical dashboard indicators draw a buy arrow on the chart.
A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.
Exit the buy trade when an opposite sell signal appears on the trading chart, or you exit the buy trade at a fixed profit target of 1:1 reward:risk or better.
Sell Trigger: Initiate a sell trade when all 5 technical dashboard indicators draw a sell arrow on the chart.
A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.
Exit the sell trade when an opposite buy signal appears on the trading chart, or you exit the sell trade at a fixed profit target of 1:1 reward:risk or better.
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Scale X, scale Y, offSet X, offSet Y, symbol code buy, symbol code sell, all Buy, all Sell, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend dashboard
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.