A Forex dashboard makes it easier for a trader to manage his/her account, trades, and strategies. It works in any form the trader needs it, and it can display any data (as a multiple time frame indicator, as a trading dashboard, etc.).

A graphical summary of various pieces of important information that is used to give an overview: this is one of the definitions of a dashboard. So, you can operate with a dashboard in many fields, including Forex. It gives the user what information he needs and thinks is most important.

Trend Analysis

The general direction of a market or the price of an asset and its trend can vary in length. This is how Investopedia defines a trend.

We, as traders, know that “trend is your friend” and we want to take advantage of it. So, in most cases, we will trade with the trend to maximize our profits.

We can also trade against the trend, but that requires a little more experience and practice.

Defining a Trend

The easiest way to define a trend technically is by using moving averages. A trader can define a trend by using only one moving average, or several different moving averages.

If the price moves above the average, we have an ascending trend. If it moves below, we have a descending trend.

The indicator we have created for you uses two moving averages with different periods. You can change the settings to best fit your needs.

If you need more information about how to trade using moving averages, you can check our article about the Best Moving Average Strategies for Day Trading.

Multiple Time Frame Analysis

Multiple time frame analysis, as the very term implies, means to perform the same analysis on different time frames. There is no predefined limit for the number of time frames on which the analysis should be performed, or which ones to choose. Most traders use three time frames when making this analysis. For example, you can use 15 minutes, 1-hour and 4-hour charts.

This type of analysis helps traders to understand the Forex market better than a single time frame analysis. It gives us a better chance of success when all time frames give us the same trade signal.

Multiple Time Frame Indicator

A Forex multiple time frame indicator can perform the analysis on different time frames. They can be offline charts, and you do not need to open them. It will give the result on your current chart.

For example, you have the 5-minute chart open to observe the small changes in the market. You want to enter a trade, and you need to know the direction of the market. The indicator will give you the information in your current chart. You will not need to open the chart or change the time frame to see it. This type of indicator will do this for you, so you do not have to check everything manually. It makes your trading easier.

Trading Dashboard Indicator

A Forex dashboard indicator will show you the information you want to know from all the time frames on your current chart. For example, it can show you the trend on all time frames for the selected currency pair.

In this example, I have created a multiple time frame trend indicator. It is a simple moving average-based dashboard which defines trends by comparing the averages.

If the short period moving average is above the long period moving average, the trend is bullish. Conversely, if the short period moving average is below the long period moving average, the trend is bearish. If the moving averages have the same value, the trend is neutral.

You can play with the inputs to fit your needs.

System Requirements:
 MetaTrader 4
 PC Only
 Windows 98 or Newer

 FX Dashboard V2 PRO
 No Subscription Costs Ever
 Price Action Trade Signals
 Custom Sound Alerts
 Full or Minimized View
 Adjustable Colors and Position
 Price Projection Add-On
 (Entry, Take Profit and Stop Loss)
 Signal Quality Strength  
 (1 to 5 stars signal strength)
 
 + Free Bonuses
 Market Order Scripts
 Videos Page (Setup and Taking Trades)
 Our videos show you how to setup and begin using your new fx dashboard right away.  
 Daily Trend Analysis
 Professional Trading Lesson

Delivery to your PayPal email address within 24 Hours of payment confirmation.

Completing units:

MT4 FX Dashboard v2 PRO[Amazing forex indicator]

Market Sales Price: $169

you can refer here as download option HOW TO DOWNLOAD THE PRODUCT

Serving Professional Traders Since 2008

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