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Gerald Appel developed the MACD in the 1970s, and it is one of the most popular indicators in use today. Traders use the MACD for determining trend direction, momentum and potential reversals. It is used to confirm trades based on other strategies, but it also provides its own trade signals. Forex MACD Support and Resistance MT4 Indicator Placed MACD to ...

The Parabolic SAR refers to a price-and-time-based trading system. SAR stands for “stop and reverse,” which is the actual indicator used in the system. SAR trails price as the trend extends over time. The indicator is below prices when prices are RISING and above prices when prices are FALLING. In this regard, the indicator stops and reverses when the price ...

Auto FibLines MrVB MQ4 indicator draws automatically Fibonacci levels on the chart. Includes Fibonacci channel. The lines have percentage value and price. Available Fibonacci levels: 0.0%, 14.6%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4%, 100.0%, 123.6%, 138.2%, 150.0%, 161.8%. You can set the lines color from the parameters. You can set the search bar parameter – the number of bars from which ...