Multi-Map Indicator System
Indicator is based on the 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 sideways markets the MACD of a M5 charts is showing down trend but the higher time frame of the M 15 is indicating up trend , then the entry signal will not generate.
In the same way the MOVING AVERAGE can be set for the higher time frame.
For example – if the trader is watching the M5 charts, the MA can be set to work of the M15 or any higher time frame. This way the price needs to be in uptrend onthe M15 Time frame, and only then will a buy signal be generating.
The system will only generate a buy signal, if the MA of the time frame selected and the 2 sets of MACD of the double time frame, in combination are on up trend.
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, along with a entry level white line, and the multiple targets will also be displayed.
The multiple targets and the stop loss levels are well displayed on the charts for convenience.
Indicator1 = “=========MML===========”;-This is setting for the Moving average
Indicator2 = “=========MMMM1===========”; – This is the settings section of the 1st MACD
Indicator3 = “=========MMMM2===========”;-This is the settings section of the 2ND MACD
PivotsOn =false; – NA
Therefore, judging the profitability of the time range of the trading range is not necessary – it all depends on the frequency of transactions, the volume of the currency being traded and the success of the analysis.
Well, it seems, and all the arguments that need to be taken into account when choosing the scale of the trading time interval. Combining all of them and analyzing the reality of their situation, in due course the most convenient timeframe for successful trading will be selected.