Slope Scanner (MACD) V1.4 MT4 MT5
The SlopeScanner(MACD) V1.4 is a versatile tool designed to help traders monitor trend direction across multiple currency pairs and timeframes simultaneously by analyzing the slope of the MACD indicator. This dashboard tracks the momentum and changes in slope, providing early insight into trend shifts without waiting for moving averages to cross.
✅ Key Features
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend momentum across various timeframes (M1 through MN1). |
| ➤ Smart Trend Detection: | Identify turning points based on moving average slope changes. |
| ➤ Customizable MA's: | Set your prefered MACD Moving Average values. |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when slope direction changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
💡 How It Works
The MACD is a versatile trend-following momentum indicator that shows the relationship between two moving averages of price. It helps traders spot shifts in trend direction, gauge strength, and measure momentum. Signals are generated through three key elements: the MACD line, the signal line, and the histogram. Crossovers between the MACD and signal line highlight potential buy or sell opportunities, while the histogram visualizes the distance between them, making it easier to identify accelerating or weakening momentum.
This dashboard continuously calculates the slope of the selected moving average across specified currency pairs and timeframes. The slope is measured as the difference between the current and previous moving average values.
When the slope changes direction (from negative to positive or vice versa), the dashboard highlights this with a special color to alert you of a potential trend reversal or momentum shift. These slope signals give you early insight into market dynamics before typical crossover signals appear, allowing more proactive trading decisions.
⚙️ Input Parameters
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