The MACD Candles Forex Signal indicator for Metatrader 5 is an amazing buy/sell technical tool based on the MACD indicator.
The signals show up on the charts as an array of colored green and red candlesticks.
The indicator is newbie friendly and can be used by any trader, regardless of trading experience.
- A green candle is a bullish signal.
- A red candle is a bearish signal.
The following indicator inputs can be modified: MACD fast period, MACD slow period, applied price, alerts ON, show alert message, send email alerts, and send push notifications.
For scalping on the lower time frames, you will achieve the best results during the London and U.S. trading sessions on the lower spread currency pairs.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames, Forex pairs, and any other trade instrument.
Free Download
MACD Candles.mq5 Indicator (MT5)
Chart Example
The following chart shows how the MACD Candles Forex Signal indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The MACD Candles Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- The first green colored candlestick is a buy signal.
- Execute a buy trade and set your stop loss below the most recent swing low price.
- Exit the buy trade for a fixed take profit target, or wait for the first red candlestick.
Sell Signal
- The first red colored candlestick is a sell signal.
- Execute a sell trade and set your stop loss above the most recent swing high price.
- Exit the sell trade for a fixed take profit target, or wait for the first green candlestick.
