The Magic Vision Dashboard forex indicator for Metatrader 4 is based on 3 moving averages set at different periods.
The fast moving average period is set at 5, the medium moving average period is set at 15 and the slow moving average period is set at 60.
The dashboard provides you with powerful market insights for any currency pair and all timeframes starting from the 1-minute chart and up.
A green colored dashboard suggests the trend is bullish for the currency pair while a red colored dashboard suggests the trend is bearish.
The EUR/USD Hourly chart below displays the Magic Vision Dashboard Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Magic Vision Dashboard MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: A valid buy signal occurs when the Magic Vision Dashboard is green colored.
Sell Signal: A valid sell signal occurs when the Magic Vision Dashboard is red colored.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Period MA Fast, Period MA Med, Period MA Slow) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend Dashboard
Copy and paste the magic-vision.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)