ACD indicator download for MetaTrader 4 - Free - [TF Lab] - MT4/MT5 resources

The ACD indicator , developed by Mark Fisher, is a technical analysis tool in MetaTrader 4 that is used to identify potential trends and measure the strength of market trends.

The ACD system is based on identifying the market's opening range (OR) and using it to determine key trading levels. The opening range is usually the first 30 minutes to an hour of trading.

After determining the OR, the trader can identify points A and C derived from the OR and make a trading decision. These levels are above or below the OR, which the market must reach to break out of the underlying trend.

Indicator Table

The price chart of the EURUSD currency pair on the 15-minute time frame is shown in the image below. A buy signal is initially issued when the price is above the A rising level and remains stable for 7 minutes, indicating the start of an uptrend and entering a buy trade.

A sell signal is also given when the price breaks below the A downtrend level and stabilizes below that level for 7 minutes, indicating that the price starts to fall downtrend and a sell trade is entered.

Overview

The ACD trading strategy is a breakout strategy that performs best in volatile or strongly trending markets such as crude oil (Brent) and stocks. If the price is above the pivot, the trend is bullish; if it is below the Pivots and MT4 Levels indicators, the trend is bearish.

The ACD strategy is a technical tool used to measure the balance of supply and demand in the market. By analyzing volume and price, this indicator helps traders identify the strength of a trend and suitable entry and exit points.

Bullish signal conditions for the indicator (bullish settings)

The chart below shows the Gold (XAUUSD) price chart on the 15-minute time frame. When the A rising line is broken, it is recommended to wait for a period of time to ensure that it is not a false breakthrough and that the price is stable above the line.

Eventually, the price should stabilize at the A up level for 7 minutes, after which you can enter a buy position.

ACD Indicator Take Profit and Stop Loss for Buy Transactions

Once you enter the trade, the best stop loss you can choose is below the A drop line. The appropriate Reward to Risk ratio for this strategy is 1, which you can use to set a take profit.

Bearish signal conditions for the indicator (Bearish settings)

The price chart for Texas Oil (WTI) on the 30-minute time frame is shown in the image below. When the A downward line is broken, it is recommended to wait for a period of time to ensure that it is not a false breakthrough and the price is stable below the line.

Eventually, the price should stabilize below the A down level for 7 minutes, after which you can enter a sell position .

ACD Indicator Take Profit and Stop Loss for Sell Trades

Once you enter the trade, the best stop loss you can choose is above the A rising line. The appropriate reward to risk ratio for this strategy is 1, which you can use to set your take profit.

ACD indicator settings

• ATR Period (Daily): The default value calculated within the daily time range is 3
• UTC Time (True) Local Time (False): Set TRUE considers UTC time
• Number of candles showing the line: Calculation considering 1000 candles
• ShowBox: Set to True
• Previous Box Candles (Daily): Calculated considering the previous day’s candlesticks
• ColorBox: The color displayed on the OrangeRed chart
• FillBox: Set to false for a hollow box
• BoxStyle: Set to Dashdot
• TokyoACD: Set to True
• Tokyo opening time (minutes): Consider High and Low 45 minutes before Tokyo session
• Start Tokyo time (HH): The Tokyo meeting starts at 00:00
• End of Tokyo time (HH): The Tokyo meeting ends at 06:00
• A level multiplier (%): The percentage of distance A lines is 5
• C level multiplier (%): The percentage of distance C lines is 8
• Color of Tokyo Line: Tokyo Conference color is blue or as desired
• LondonACD: Set to True
• London opening time (minutes): Consider the first 45 minutes of the High and Low London session
• London Time (HH) Start: The London meeting starts at 07:00
• End of London time (HH): The London meeting ends at 13:00
• A level multiplier (%): The percentage of distance A lines is 5
• C level multiplier (%): The percentage of distance C lines is 8
• London line colors: London meeting colors are pink or as desired
• NewYorkACD: Set to True
• New York opening time (minutes): Consider High and Low 45 minutes before New York session
• Start New York Time (HH): The New York session starts at 13:00
• End New York Time (HH): The end time of New York time is 22:10
• A level multiplier (%): The percentage of distance A lines is 5
• C level multiplier (%): The percentage of distance C lines is 8
• New York line color: New York time period color is yellow or as desired

Conclusion

The ACD indicator is an indicator in MetaTrader 5 that can identify high potential levels for trading as a strategy.

It can also be used on different time frames and trading styles to help determine market direction by comparing the current price to the Opening Range (OR). Additionally, this Trading tool provides suitable entry and exit points for trading.