e-DowgatorPro2 - Dow Theory Direction Panel for MT4 & MT5

See the Dow Theory direction of six timeframes at a glance. MT4 and MT5 versions included.

e-DowgatorPro2 judges the current trend direction (up / down) automatically by Dow Theory. It carries over the features of the earlier e-DowgatorPro and puts first that even a beginner can read the direction without confusion. The direction of six timeframes (M1 to D1) is shown on the panel in color.

Features

1. Check direction mismatch — see on the panel whether your chart's timeframe agrees with the higher timeframes
2. Direction change line (new in the renewal) — drawn on the chart. If the price is above the line, the direction is up; below it, the direction is down
3. Trend change alerts — when the first move of a trend change is detected, an arrow marks it and an alert, e-mail or push notification is sent. A record of the notice stays on the chart
4. Panel — a foldable panel on the chart. Change the display on the panel without touching the inputs
5. Pullback / rally zone — Fibonacci 38.2-61.8% of the current swing, shown as a zone
6. No repainting — judged on closed bars only (note: the change line itself moves with the market)
7. Wick or body — choose whether bars confirm on the wick or on the body
8. Any symbol — all symbols and timeframes, including gold and crypto

One way to use it

1. Read the overall direction on the panel (multi-timeframe analysis)
2. Your timeframe (e.g. M5) and a higher one (e.g. H4) point the same way
3. A trend change arrow appears
4. Wait for the edge of the Fibonacci zone
5. Consider a trade as the price nears the zone edge, using the change line as the line to consider closing

What you get

One zip: MT4 indicator + relay EA, MT5 indicator + relay service, PDF manual. The relay only talks to our license server; it never trades.

License

One trading account (real or demo, MT4 or MT5). After purchase,reply to your receipt e-mail with your order number and MT4 or MT5 (no account number needed)..We send your license number within 1 business day (Japan time). The license binds to the first account you run it on..

Requirements

MetaTrader 4 or 5 for Windows. Internet connection for license checks.

This is a tool that displays market conditions. It is not investment advice and does not guarantee profits. Digital product: no refunds after download.