Summary of 📊 Download MMR Indicator [a Combination of 4 Indicators: MACD, EMA, LWMA, and RSI] MT4/5

The video presents the MMR Indicator, a technical analysis tool that combines four popular indicators: MACD, Exponential Moving Average (EMA), Linear Weighted Moving Average (LWMA), and RSI. This indicator is available for download on the Trading Finder website for MetaTrader 4 and MetaTrader 5 platforms.

Key features and functionalities:

• The indicator runs on MT4/MT5 by dragging the downloaded file onto the chart.
• It displays as an oscillator window below the main chart.
• The MMR Indicator integrates MACD, EMA, LWMA, and RSI to analyze market trend direction and strength.
• Oscillator values above zero are shown in green, signaling an uptrend and a potential buy opportunity.
• Values below zero appear in red, indicating a downtrend and a potential sell signal.
• Users can customize input parameters including:
  • MACD fast moving average period
  • MACD slow moving average period
  • MACD signal line period
  • RSI calculation period
  • EMA calculation period
  • LWMA calculation period

The tutorial encourages users to experiment with these settings to suit their trading strategies and invites feedback and suggestions in the comments.

Main source/speaker

• The tutorial presenter (unnamed) from the Trading Finder website.

Category

Technology

Video