SFX Multi Pair Trend Dashboard Indicator

Manual Version : 1.06

1. Indicator Alert System
2. ATR
3. ADX (Average Directional Movement Index)
4. Alligator
5. Bollinger Band
6. Parabolic SAR
7. Ichimoku Kinko Hyo
8. MACD (Moving Average Divergence & Convergence)
9. RSI
10. Momentum
11. Stochastic Oscillator
12. Envelopes
13. Breakout Signal Alert
14. Fractals
15. Moving Averages
16. CCI
17. RSI Divergence

Trend Alert System:

This is the most important part of this indicator. A useful feature for busy forex traders to be on market at the right time. The indicator has two alert options per indicator on the chart.

• Alert 1
• Alert 2

A user can choose any one alert (Single) or two alerts altogether (Combine).

How Single or Combine alert works?

If you choose only one alert, either alert 1 or alert 2, then you will receive one single indicator selected alert. For example, if you want to get an alert when among all currency pairs, the price is above the Ichimoku cloud.

If you choose alert 1 & alert 2 both, then you will receive combine selected indicators alert. For example, if you want to get an alert when the price is above Ichimoku cloud & Bollinger band is bullish.

What is Alert Gap or Frequency?

It is the time gap between two alerts. Suppose if you choose Bollinger Band Bullish Breakout Alert with the gap of 30 minutes & you are running this indicator for minute chart settings. Then after getting an alert on EURUSD, next alert you will get 30 minutes later.

ATR (Average True Range) 

Average true range shows the average price movement per bar or candlestick for any selected time frame in pips or points.

ADX (Average Directional Movement Index)

ADX shows the Bullish/Bearish Strength of instruments or currency pairs. It shows the following signals:

• ADX Weak Bullish
• ADX Weak Bearish
• ADX Bullish
• ADX Bearish
• ADX Strong Bullish
• ADX Strong Bearish

Alligator

Alligator is indicator designed by Bill Williams. Which is more similar to triple exponential moving average. It consists of three lines representing the alligator’s jaw, teeth & lips.

• Price inside alligator
• Price above alligator
• Price below alligator

Bollinger Band:

This indicator gets designed by John Bollinger back in 1980. It shows the volatility over time of financial instruments. It gets constructed by two moving averages with standard deviation & a middle line.

• Bollinger band bullish
• Bollinger band bearish
• Bollinger band bullish breakout
• Bollinger band brearish breakout

Parabolic SAR:

Parabolic SAR stands for Stop & Reverse which is developed by Welles Wilder, an American mechanical engineer. This indicator is very useful for sharp entry & exits. Mostly used to decide stop loss area base with price momentum.

• Below SAR Bearish
• Above SAR Bullish

Ichimoku Kinko Hyo:

Ichimoku Kinko Hyo commonly knows as “Ichimoku” & “Ichimoku Cloud” is a Japanese leading trend indicator. It had 5 different parts which get used in technical analysis for setting up a trade like Tenkan sen, Kijun sen, Senkou span A, Senkou span B, Chickou span. Span A & Span B basically forms the Ichimoku Cloud.

• Price above Ichimoku Cloud
• Price below Ichimoku Cloud
• Price inside Ichimoku Cloud
• Price above Tenkan Sen
• Price below Tenkan Sen
• Price above Kijun Sen
• Price below Kijun Sen

MACD ( Moving Average Convergence Divergence):

MACD is a commonly used oscillator which consists of three types of trading ways, crossover, overbought/oversold conditions & divergence.

• MACD bullish
• MACD bearish
• MACD below signal line
• MACD above signal line

RSI (Relative Strength Index)

RSI is another type of commonly used oscillator which shows value ranging from 0 to 100. RSi mostly get used for divergence & overbought/oversold conditions.

• RSI overbought
• RSI oversold

Here is how it looks like,

Momentum

Momentum indicator counts the how much price has changed under a certain period of time. Basically a good way to understand market volatility. It is a leading oscilator to follow trend.

• Price changes above 100%
• Price changes below 100%

Stochastic Oscillator

This oscillator measure if closed price is analogous to its price range for a certain time period. It consist of two lines %K which is the main line & second line called %D. It also gives overbought oversold signals like RSI.

• Stochastic overbought
• Stochastic oversold

Envelopes

Envelopes made with two moving averages which get visualized as price channel. When price is inside the range indicating normal market condition. If price goes outside the range indicating volatility in market.

• Price inside envelope
• Price outside envelope

Breakout Signal Alert

It basically price action alert based on candlestick or bar’s high & low. For example, if you are looking to buy when market breaks above monthly top etc.

• Price above bar or japanese candlestick’s high
• Price below bar or japanese candlestick’s low

Fractals

This is the part of the Bill William indicator, calculated based on price action.

• Showing Fractal Up
• Showing Fractal Down

Moving Averages

Commonly used lagging trend indicator. It is basically a statiscial calculation of price average for a certain time period. Here this indicator shows crossover alert. If candle or bar get closes above any faster & slower moving average crossing point. It gives MA bullish cross alert. Viceversa for MA bearish cross.

• MA bullish cross
• MA bearish cross

CCI (Commodity Channel Index)

Calculation of this indicator is based on average price with the variation of price with an index point. It get represeted with in range of 0-100 with both +ve & -ve side.
Here, red represent CCI value in negative & blue represent CCI value between 0 to 100. Lastly, Green represent CCI value above 100.

• Above 100  Positive
• In between 0 to 100 Positive
• Below 0 Negative Value

RSI Divergence:

Advance level of technical analysis, RSI divergence is leading trend indicator. Signals does get formed so easily. Specially the hidden one. It as two parts, hidden divergence & classic divergence. When hidden divergence occours, it indicates a change in trend. On the other hand classic divergence represents continuation of trend.

• RSI classic bullish divergence
• RSI classic bearish divergence
• RSI hidden bullish divergence
• RSI hidden bearish divergence

How to backtest:

You can refer to our indicator video for more detail & visual guide. You can test this indicator with metatrader strategy tester.

First, open your broker MetaTrader software, then press control + R to open the strategy tester. In strategy tester only important thing you need to remember, that MetaTrader allows backtesting using one instrument or currency pair one at a time. For this reason, in indicator settings, you need to remove all forex currency pairs & then add only one. The one you are using for backtesting.

What is Maximum Activation means?

It means maximum for how many devices you can use this indicator under your current license. If maximum activation is 9, that means if you rent it for one month, under that license you can use this indicator on 9 devices maximum.

How to buy or rent this indicator?

In order to buy or rent this indicator, you need to have a mql5 account. After opening an account with mql5, you can buy or rent this indicator from the indicator page at mql5. You can pay via your favorite payment processor, also can use any coupon from your forex brokers.