MACD Risk System | Foreign exchange indicator download- MT4/MT5 resources
When MACD is above the 0 line and the color of MACD is green.
When MACD is below the 0 line or MACD color is red.
When MACD is below the 0 line and the color of MACD is red .
When MACD is ending at 0 line or the color of MACD is green .
This is how I use this indicator.
So... the indicator draws green/red bars if the bull pressure is above/below 50/50 and if the bull pressure is at 50/50.
This indicator has a smoother which is very useful on short time frames.
The smoother works better than the standard 9 SMA.
What does this indicator provide?
I put a lot of effort into this...
I've been looking for a way to calculate trend risk for a few weeks.
If you are an experienced trader, you must know that we do not buy or sell EUR/USD, USDCHF...bla..bla...bla...
The things we buy and sell are... risks .
So if I could see what the chances are that the MACD will continue its uptrend or what the chances are that the MACD will go down... - we can then know if the trade is worth the risk.
If a new red bar appears in an uptrend - the risk is not in your favor.
and VS
If a new green bar appears in a downtrend - the risk is not in your favor.
grateful:
Indiana Points in recognition of his work in making this indicator functional for the Jforex platform .
























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