Multipaires Indicator

Multipaires Indicator

Multipaires Indicator For MT4 helps forex traders to plot 18 different indicators using a single indicator. Multiple indicators to trade in confluence.

The multipaires indicator for MT4 provides the forex trader with an option to plot 18 different indicators on the current chart using a single indicator. It can plot multiple indicators CCI, RSI, MACD, OSMA, MA, Stochastic, BullsPower, BullsPower, On Balance Volume, Momentum, Standard deviation, Money Flow Index, ATR, FORCE, AC, Awesome Oscillator, and OSMA

So, traders do not need to install 18 different installations. Application of multiple indicators reduces the chart space and limits the visibility of price movement. Moreover, it is highly versatile and provides few input settings.

The indicator is useful for new and advanced forex traders. It helps to avoid multiple installations. Additionally, it leaves more chart area for technical analysis and is easy for the new forex traders to focus without distraction. Moreover, it works on all intraday charts as well as the daily, weekly and monthly price charts.

Multipaires Indicator For MT4 Trading Signals

The indicator plots the output in a separate indicator window based on the desired indicator chosen in the input settings. Traders should note that it is important to input the currency pair symbols in indicator settings same as the attached chart. A different currency symbol and chart does not provide desired output.

Generally, the period for indicator calculation is set as 14; traders may change it for custom calculation. However, indicators like MACD, OSMA, Stochastic and Moving averages have separate input settings.

This indicator is like a Swiss knife with the possibility of using up to 18 classic MetaTrader indicators. However, the trading strategy depends upon the indicator chosen in the input settings. The main purpose is to apply this indicator for technical analysis of a single chart using multiple indicators with ease. Furthermore, it provides the trades the possibility to combine multiple indicators and trade in confluence.

For example forex traders can choose MACD to identify the price trend direction and the Momentum indicator or Awesome Oscillator to understand the trend strength. This provides an easy understanding of trend direction and strength while having enough chart area for price action analysis.

Another example is to confirm reversal trading signals in an overbought and oversold condition to enter a trade. In this case traders can look at RSI for an oversold condition and use Bullspower and Bearspower for an entry confirmation.

Conclusion
In summary, the Multipaires indicator for MT4 helps forex traders to avoid using multiple indicator installations. Moreover, it provides forex traders with multiple combinations of indicators and trade in confluence.