The Multi Forex Scanner dashboard indicator gives you a quick overview of the best currency pairs to trade.
The indicator provides a lot of useful data.
It displays the server time, time until candle close, price, spread, ATR value, Volume, RSI, Stochastic, ADX, Pivots and moving average.
Selecting good pairs to trade:
Look at both the ADX value and the MA.
The ADX must display ‘Strong Trend” and the moving average “MA” gives the trend direction, either “UP” or “DOWN”.
Buy trade: ADX strong trend + Moving Average UP
Sell trade: ADX strong trend + Moving Average DOWN
Confirm the trade with additional indicators or with price action.
Free Download
Download the “FXTT_Fx_Scanner.mq4” MT4 indicator
Indicator Chart (EUR/USD M5)
The EUR/USD M5 chart below displays the Multi Forex Scanner dashboard Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Open a buy position when ADX displays a strong trend and “MA” signals a buy trend. Confirm the buy trade with other indicators or analysis methods.
Sell Signal: Open sell position when ADX displays a strong trend and “MA” signals a sell trend. Confirm the sell trade with other indicators or analysis methods.
Multi-Forex Scanner Dashboard + Gann Trend Oscillator MT4 Strategy
This Forex strategy combines the power of the Multi-Forex Scanner Dashboard with the Gann Trend Oscillator MTF Indicator.
The dashboard gives you a complete market overview with key data such as spread, ATR, RSI, Stochastic, ADX, pivots and moving average information.
This reduces guesswork and helps you pick only the cleanest market conditions.
The Gann Trend Oscillator provides simple visual trend signals using blue bars for bullish momentum and violet bars for bearish momentum.
Combined, they create a clear and structured strategy suitable for intraday traders and swing traders.
The method works because the dashboard filters bad market environments while the oscillator confirms the directional bias.
It is easy to use for beginners and reliable enough for experienced traders who want a rules-based approach.
It works well on M15, M30, H1 and H4 timeframes.
Buy Entry Rules
- Check the dashboard and confirm normal spread, rising volume and an ATR level that indicates movement.
- RSI should be above 50, and Stochastic preferably crossing upward.
- ADX above 20 suggests a trending environment, but this is optional.
- Price should be above the dashboard moving average.
- The Gann Trend Oscillator must show blue bars.
- Entry when the next candle opens after oscillator confirmation.
- Place a stop loss below the most recent swing low or below a pivot support level.
- Take profit at the next resistance level shown on the dashboard or at 1.5 to 2 times the stop loss.
Sell Entry Rules
- Check the dashboard and confirm normal spread and stable volume levels.
- RSI should be below 50, and Stochastic preferably crossing downward.
- ADX above 20 supports trend continuation.
- Price should be below the dashboard moving average.
- The Gann Trend Oscillator must show violet bars.
- Enter on the next candle open after oscillator confirmation.
- Place a stop loss above the most recent swing high or above a pivot resistance.
- Take profit at the next support or at a 1.5 to 2 reward-to-risk target.
Advantages
- Strong filtering from the dashboard prevents low-quality trades.
- Simple trend direction from the oscillator makes decision-making fast.
- Works on different Forex pairs and timeframes.
- Useful for both beginners and experienced traders.
- Reduces emotional trading by giving fixed rules.
Drawbacks
- May give fewer trade signals during slow market conditions.
- Dashboard information can overwhelm new traders initially.
- Strong news movements can cause signals to fail.
- Best results require some familiarity with pivots and trend structure.
Case Study 1
A trader monitored EURUSD on the M30 timeframe.
The dashboard showed normal spread, rising volume and ATR indicating steady volatility.
RSI was near 60 while Stochastic pointed upward.
Price traded above the moving average, and the Gann Trend Oscillator printed blue bars.
A buy trade was opened on the next candle.
The stop loss was set below the recent swing low, while the target was the next pivot resistance.
Price continued upward and reached the target for a clean 38-pip gain.
Case Study 2
On the GBPJPY H1 chart, the dashboard showed RSI below 40, Stochastic crossing downward, and ATR showing strong range expansion.
Price was below the dashboard moving average, and the oscillator changed to violet bars.
A sell trade was placed at the next candle open.
Stop loss was set above the previous swing high, and take profit was placed at the pivot support area.
The pair dropped sharply, hitting the target for a 62-pip profit.
Strategy Tips
- Avoid trading right before major news since volatility can distort dashboard readings.
- Stronger results occur when RSI, Stochastic and the oscillator all agree.
- Pairs with higher ATR generally give smoother movement when using this strategy.
- If price stalls near pivots, wait for clear movement before entering.
- Use higher timeframe dashboard readings to confirm overall trend bias.
Download Now
Download the “FXTT_Fx_Scanner.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customisation options: Variable (update interval, ATR, volume, RSI, slow Stochastic, ADX, Pivots, MA), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
