Slope Scanner (MACD) V1.4 MT4 MT5
The SlopeScanner(MACD) V1.4 is a powerful, versatile tool that helps traders track trend direction across multiple currency pairs and timeframes simultaneously by analyzing the slope of the MACD indicator. Unlike conventional methods that rely on signal line crossovers, this dashboard monitors momentum and changes in slope, providing early alerts to potential trend shifts and enabling more proactive trading decisions.
✅ 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 illustrates the relationship between two moving averages of price. It helps traders identify trend shifts, assess strength, and measure momentum. The indicator generates signals through three key components: the MACD line, the signal line, and the histogram. Crossovers between the MACD and signal line indicate potential buy or sell opportunities, while the histogram visually represents the gap between the two lines, making it easier to spot accelerating or weakening momentum.
The SlopeScanner dashboard continuously calculates the slope of the MACD line across your chosen currency pairs and timeframes. This slope is measured as the difference between the current and previous MACD values, providing a dynamic view of momentum changes and enabling you to spot emerging trends before conventional crossover signals appear.
When the slope of the MACD line changes direction—from negative to positive or vice versa—the dashboard highlights it with a distinct color, signaling a potential trend reversal or shift in momentum. These slope alerts provide early insight into market dynamics, allowing you to act proactively and make more informed trading decisions before conventional crossover signals occur.
⚙️ Input Parameters
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