Archive for November 18th, 2007

 

Tools for MetaTrader 4

Nov 18, 2007 in Tools For Success

There are a few prominent MetaTrader forex brokers.  MetaTrader provides the ability to write scripts, libraries, indicators, and expert advisors.  As a computer programmer, I will provide some of the scripts, indicators, and expert advisors that I create.  I probably will provide links to other providers in the future.

While trading forex, it seems that many times, I find myself switching from one timeframe to another to keep in my mind the longer term trend, while trading the shorter term trend.  In particular, the MACD signal crossing the MACD main provides both a buy and a sell signal that should be kept in perspective of the longer term trends.  So, while trading the shorter term trend, it is helpful to see the distance between the MACDmain and the MACDsignal, on a few of the longer timeframes, while on the M1.

Here is an indicator for seeing the distance between the MACDmain and the MACDsignal for M1, M5, M15, M30, and H1, all at once.

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    MACD delta Indicator