ZMFX Forex Trend

ZMFX Trend is a multi-pair and multi-indicator forex tool, determining the direction of the trend for 8 different currency pairs according to the signals generated from 5 technical indicators:

  1. EMA = 10; 50; 200
  2. Stochastic = 30
  3. CCI = 50
  4. RSI = 14
  5. MACD = 20

Trading Signals

  • EMA extreme trend when three EMAs move in the same direction.
  • EMA simple trend is determined by EMA1 >/< EMA2 and EMA3 is conflicting.
  • Stochastic extreme level over 80 and below 20. Simple when above/below 50.
  • CCI levels: 100, 0 and -100.
  • RSI levels: 65, 50 and 35.
  • MACD extreme bullish when above signal and above 0 level. Simple bullish when above 0.
  • MACD extreme bearish when below signal and below 0 level. Simple bearish when below 0.

This is how to read the indicator:

  • LIME colour – extreme uptrend.
  • GREEN colour – simple uptrend.
  • FIREBRICK colour – simple downtrend.
  • RED colour – extreme downtrend.

It can be used to trade binary options. A profitable strategy would be to trade according to the trend when all the indicators provide the same signal.

Zmfx Forex Trend V3

Download

  • File: ZMFX Forex Trend v3.mq4
  • Size: 31 Kb
ZMFX Forex Trend posted by is rated 5 / 5 on 1610 reviews.

Leave a Reply

Your email address will not be published. Required fields are marked *

Protected by WP Anti Spam