Panel indicator scans signals from several Forex indicators across multiple time frames and transforms everything in a neat box with up and down arrows. Up – buy, down arrow – sell. The forex mt4 signal indicator box can be moved to any of the 4 chart corners by changing the settings parameter “Corner” from 1 to 2, 3 or 4. When red is below blue – green arrow, buy.
MACD 12, 24, 6 – remember you can change indicator settings, on the screen shot I put MACD back to standard 12, 26, 9 settings. MACD signals are the same as for Stochastic – simple lines crossover. When MACD histogram is above zero and MACD signal line is hovering above the histogram – Sell. When MACD histogram is above zero and MACD signal line is trading inside the histogram – Buy. When MACD histogram is below zero and MACD signal line is hovering below the histogram – Buy. When MACD histogram is below zero and MACD signal line is trading inside the histogram – Sell. 5 EMA above 8 EMA – buy, opposite – sell.
That shouldn’t create difficulties, we have: 4 hour, 1 hour, 30 min, 15 min, 5 min and 1 minute charts. Taking all those signals into account when entering a trade would, most likely, be impractical – there is too much information to digest. An ideal case is when across multiple time frames you have the same signal for any particular indicator: for example, all green arrows for MACD across all time frames. You don’t want to sell when you see this signal. Panel_Trend indicator speaks for itself, it suggests a current trend and tells how strong this trend is. Unfortunately, it is unknown what formulas and indicators are involved in trend evaluation. But after installing i am getting red and green “e” instead of an arrow mark as shown in the diagram.
I probably saw your other message where you also had similar trouble with another indicator. So, I would now definitely advise trying a platform from another Forex broker. Indicators that were codded for MT4 won’t work on MT5 due to differences in the programming language. Thank you for your restless job and commitment. I am so new in this “business” but want to know as much as possible.
Everything in here is created in a fantastic way. I want to express my feelings and appreciations to you. Does anyone know how many bars are measured with Ipanel trend? I had download and instaled this indicator on fxdd platt didnot work correct and use all my memory in 2 weeks and crashed my computer, why I dont know? I posted comments on a bad indicator but you do not show it?
Hello, this is Orlando I posted a concern about ipanel saying it is a bad indicator. SO BEWARE INSTALL ALL 3 INDICATORS. Thanks to your website, I have become a better trader. I was inspecting the settings for the RSI on this indicator and compared each row of results to their actual indicator.
I found that the RSI arrows respond to a combination of two RSI signals overlapping. The Default settings being an RSIP of 14 and an RSIP of 70. When the RSI 14 crosses above the RSI 70 a green up arrow appears. When the RSI 14 crosses below the RSI 70 a red down arrow appears.