Market Scanner PRO – Analyze of the Trend for all Pairs and Timeframes ~ Hot Shot Forex

Saturday, May 23, 2020

Market Scanner PRO – Analyze of the Trend for all Pairs and Timeframes

6:51:00 PM by onlineblogger5 comments

Market Scanner PRO is an information indicator that can analyze the direction of a trend on all trading instruments and time frames that are available in your MT4 terminal.

Characteristics of the Market Scanner PRO

Platform: Metatrader4
Currency pairs: Any
Trading Time: Around the clock
Timeframe: M1-WN

Indicator trading signals

MarketScannerPRO should not be used as an independent trading tool. This indicator can only act as an additional filter to determine the overall trend. This will be useful when opening a position on the main trading signal in the direction of the trend. If the trend direction coincides on all time frames, then this is a stronger signal:

It is not clear which algorithm the indicator uses to detect the direction of the trend. Most likely, the data are built on the basis of price extremes. But this method can be very useful and accurate.

By default, the indicator shows the direction of the trend on major currency pairs. But you can install any trading asset available in your Metatrader 4. Just write this asset in the indicator settings separated by a comma without a space: