The MACD Squeeze indicator for Metatrader 5 delivers solid buy and sell Forex trading signals and it works on the MACD squeeze trading method.
The MACD Squeeze indicator is composed of Bollinger Bands, Keltner channel, and exponential moving averages.
The indicator is easy to trade and shows up as a colored oscillator.
How to determine the market trend with it?
- The MACD Squeeze indicator above 0 is bullish.
- The MACD Squeeze indicator below 0 is bearish.
The following indicator inputs can be modified: MACD fast EMA period, MACD slow EMA period, Bollinger Bands period, Bollinger Bands deviation, Keltner period, Keltner deviation Keltner ATR period, Keltner MA method.
For M1 and M5 chart traders: the London and New York trading sessions will deliver the best trading results when trading with the MACD Squeeze indicator.
Please make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames, Forex pairs, and any other trade instrument.
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MACD_Squeeze.mq5 Indicator (MT5)
Chart Example
The following chart shows what the MACD Squeeze Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The MACD Squeeze Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the green MACD Squeeze bar turns back above 0.
- Open a buy trade and place your stop loss below technical support.
- Exit the buy trade for a fixed take profit target, or wait for a reversal signal (sell).
Sell Signal
- A sell signal is given when the red MACD Squeeze bar turns back below 0.
- Open a sell trade and place your stop loss above technical resistance.
- Exit the sell trade for a fixed take profit target, or wait for a reversal signal (buy).
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MACD_Squeeze.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the MACD_Squeeze.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration
