About the Tipu MACD Indicator
The Tipu MACD Indicator for MT4 builds on the classic MACD oscillator to provide actionable buy and sell signals directly on the chart.
The indicator appears beneath the main price area, displaying green bars for bullish momentum and red bars for bearish pressure.
This visual setup allows traders to quickly identify changes in market momentum.
Tipu MACD can be used alone for straightforward momentum trading or combined with a trend-following indicator like a simple or exponential moving average.
Aligning MACD signals with the overall trend improves signal quality and reduces counter-trend trades.
The indicator works across all currency pairs and adapts to different timeframes, making it suitable for intraday, swing, and trend-focused trading styles.
Free Download
Download the “Tipu MACD.mq4” MT4 indicator
Key Features
- Based on the classic MACD oscillator with enhanced visual signals.
- Plots green and red bars to show bullish and bearish momentum.
- Generates buy and sell arrow signals at zero-line crossovers.
- Works standalone or in combination with trend-following indicators.
Indicator Chart
The Tipu MACD Indicator is displayed beneath the main price area with colored histogram bars and arrows.
Green bars indicate bullish momentum, while red bars indicate bearish pressure.
Traders watch for zero-line crossovers to enter trades in line with the prevailing trend.
Guide to Trade with Tipu MACD Indicator
Buy Rules
- Confirm the higher timeframe trend is bullish using a moving average.
- Wait for the MACD histogram to cross above the zero line from below.
- Enter a buy trade on the first green bar after the crossover.
Sell Rules
- Confirm the higher timeframe trend is bearish using a moving average.
- Wait for the MACD histogram to cross below the zero line from above.
- Enter a sell trade on the first red bar after the crossover.
Stop Loss
- Place the stop beyond the nearest swing high for sell trades or swing low for buy trades.
- Consider adding a small buffer to account for volatility.
Take Profit
- Close the trade when the MACD histogram flips to the opposite color.
- Scale out gradually if momentum extends strongly in your favor.
Tipu MACD & Zero Lag MA Forex Trend Scalping Strategy for MT4
This MT4 scalping strategy uses directional trend confirmation from the Zero Lag Moving Average Indicator and precise entry signals from the Tipu MACD Signals Indicator.
The Zero Lag MA shows whether price is above or below the moving average, helping you trade in the direction of the short-term trend, while the Tipu MACD provides clear blue buy and red sell arrows for timing entries.
Combining trend alignment with signal confirmation helps filter out weak moves and capture quick scalping profits.
This strategy works best on the M1 and M5 timeframes, ideal for active scalpers seeking fast intraday moves.
It is most effective during high liquidity sessions such as London and New York, where price tends to move smoothly and follow trend bias.
Buy Entry Rules
- Check that price is above the Zero Lag Moving Average, indicating a bullish trend bias.
- Wait for a blue arrow from the Tipu MACD Signals indicator signaling a buy entry.
- Enter a buy trade immediately after the blue arrow appears while price remains above the Zero Lag MA.
- Place the stop loss 2 to 5 pips below the most recent minor swing low or the Zero Lag MA.
- Close the trade when a red Tipu MACD arrow appears or price closes below the Zero Lag MA.
Sell Entry Rules
- Confirm that price is below the Zero Lag Moving Average, indicating a bearish trend bias.
- Wait for a red arrow from the Tipu MACD Signals indicator signaling a sell entry.
- Enter a sell trade immediately after the red arrow appears while price remains below the Zero Lag MA.
- Place the stop loss 2 to 5 pips above the most recent minor swing high or the Zero Lag MA.
- Close the trade when a blue Tipu MACD arrow appears or price closes above the Zero Lag MA.
Advantages
- Combines trend direction and entry signals for higher probability scalps.
- Clear buy and sell arrows from the Tipu MACD make entries easy to spot.
- Zero Lag MA helps avoid countertrend trades by confirming trend bias.
- Works well on low timeframes where scalping is most effective.
Drawbacks
- Small stop losses are sensitive to short-term noise or spikes.
- Early trend changes may lead to premature exits if price oscillates around the MA.
Case Study 1
On USDCHF M1 during the London session, price stayed above the Zero Lag Moving Average, indicating a bullish trend bias.
A blue arrow from the Tipu MACD appeared and a buy trade was entered with a 2 pip stop loss below the recent swing low.
Price rose steadily and the trade was closed when a red Tipu MACD arrow appeared, capturing 14 pips.
Case Study 2
On EURCAD M5 during the New York session, price was below the Zero Lag MA, showing bearish trend bias.
A red Tipu MACD arrow appeared signaling a sell.
A sell trade was entered with a 3 pip stop loss above the recent minor swing high.
Price declined and the trade was closed when a blue Tipu MACD arrow appeared, netting 39 pips.
Strategy Tips
- Only take trades when the Tipu MACD arrow aligns with the Zero Lag MA trend to improve signal accuracy.
- Skip trades during choppy or sideways markets, as signals are less reliable without a clear trend.
- Exit trades promptly when the Tipu MACD arrow flips or price closes across the Zero Lag MA to lock in profits.
- Monitor several currency pairs but prioritize those showing the strongest trend and clearest signals.
Download Now
Download the “Tipu MACD.mq4” MT4 indicator
FAQ
Can Tipu MACD be used on any timeframe?
Yes. Lower timeframes give more frequent signals for intraday trades, while higher timeframes provide stronger trend confirmations.
Is it better to use Tipu MACD alone or with a trend filter?
It works alone, but combining it with a moving average helps avoid counter-trend entries and improves reliability.
How should traders handle flat or ranging markets?
Signals are less reliable during sideways price action, so it’s best to wait for trend confirmation before taking trades.
Summary
The Tipu MACD Indicator simplifies trend and momentum trading by combining zero-line crossovers with clear arrow signals.
Its colored histogram and arrows make it easy to spot bullish and bearish momentum shifts quickly.
Aligning signals with a trend-following indicator enhances trade accuracy and helps traders capture directional moves efficiently.
