Panel indicator scans signals from several Forex indicators across multiple time frames and transforms everything in a neat macd 2 lines mt4 forex with up and down arrows. Up – buy, down arrow – sell.
The information 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.