- September 9, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Forex Scanner Description
Forex Scanner is a flexible indicator that combines numerous breakout points as entry indications with a trend-following method.
A new trend that has already taken hold offers a number of access points for anybody who wants to properly traverse it. Retracement criteria are employed to steer clear of less significant entrance locations.
⚙️ Category: Indicator
Currency Pair: Any Pair
Trading Time: Any Session
⏰ Timeframe: Any Timeframe
Rating: B / ★★★✩✩
Best Brokers List
The Forex Scanner works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:1000||$5||ASIC, CySEC , IFSC|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Trend Indicator Setting
To clearly describe the market trend, it incorporates many market factors into a single equation.
Using local maxima and minima, a rectangular box containing entrance signals is created to effectively indicate entry spots.
The indicator only offers a number of performance indicators while measuring the accuracy of its signals.
A multi-timeframe dashboard is also included, which scans all possible periods and shows the established trend's direction for each one.
Signal period: This integer number controls the entering signal's amplitude.
An integer value called the "Trend Period" is used to determine the main trend's direction.
Display the Multi-Time Frame scanner dashboard by selecting Show MTF Dashboard.
Performance Analysis: displaying/obscuring the performance analysis indicators (including MFE trend lines).
Trend Indicator Free Download
We highly recommend trying the Trend Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
Please rate this Article