FXTT Fx Scanner Indicator
MT4The FXTT Fx Scanner indicator for MT4 is a multi-scanner technical tool that will help you to easily identify trading opportunities across multiple pairs.
Description
The FXTT Fx Scanner indicator for MetaTrader is a multi-scanner technical trading tool built with a dashboard that displays the market condition of different currency pairs. It was designed to automatically analyze different trading assets to help you keep a tab on different currency pairs without hassle.
The indicator was built with technical tools that analyze all the currency pairs in the market watch list tab. This makes it pretty easy for you to identify a trading opportunity at a glance.
How to Use the FXTT Fx Scanner Indicator
The above image depicts how the indicator would look on your MT4 chart. It highlights the market conditions across different currency pairs on the dashboard.
The image shows a potential sell opportunity on the CHFJPY pair. This is because the stochastic indicator is at 39.6 (overbought zone), while the ADX is showing a “strong trend”, and the price is also below the MA. These confluences are all suggesting a possible bearish trend.
The above image shows a plain chart of the CHFJPY currency pair. From the image, you can see that the trend is bearish.
The first image above was used to illustrate how to use the FXTT FX Scanner indicator to spot a good trading opportunity.
Conclusion
The FXTT Fx Scanner indicator for MT4 makes it easy to keep a tab on the market. Moreover, it is suitable for novice/intermediate and advanced forex traders. Besides, it may also be used to find scalping, day/intraday, and swing trading opportunities in the financial market. Finally, it is free to download.
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