The Shaff MACD indicator for Metatrader 4 provides directional trend trading signals that can be applied to any currency pair.
The indicator pops up in a separate MT4 chart window as a buy/sell histogram and additional signal lines.
Schaff MACD is a very reliable technical oscillator, lightweight, and will not slow down your trading platform.
The indicator is versatile and can be used in multiple ways. Find below a trade idea.
Buy & Sell Trade Example
- Open a buy order as soon as the first green histogram bar gets printed on the chart.
- Open a sell order as soon as the first orange histogram bar gets printed on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Shaff MACD.ex4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Shaff MACD mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Shaff MACD Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
