The MACD Crossover Arrows & Alert indicator for MT4 delivers buy/sell signal arrows and also sends out trading alerts whenever a new arrow appears on the chart.
In essence, it’s a simplified version of the traditional MACD indicator that works with buy and sell arrows instead of the histogram.
Buy & Sell Trade Example
- A blue colored arrow is a buy signal.
- A magenta colored arrow is a sell signal.
The indicator can be used as a standalone trading tool for both trade entry and exit and tends to work slightly better in range-bound currency markets.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “MACD Crossover Arrows & Alert.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the MACD Crossover Arrows & Alert 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 to trade with the MACD Crossover Arrows & Alert 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: MACD
Does the indicator repaint? No.
MACD Crossover Arrows Alert + Trend Logic Forex Scalping MT4 Strategy
This scalping strategy uses two indicators: the MACD Crossover Arrows & Alert Indicator (blue arrow = buy signal, magenta arrow = sell signal) and the Trend Logic Indicator (green line = buy trend, red line = sell trend).
It is crafted for very short-term trades in fast-moving markets, ideal on the M1 and M5 charts.
This strategy is suitable for traders comfortable with rapid decision-making and managing small timeframes. It’s best used on highly liquid currency pairs during active sessions, when momentum and trend are aligned.
Buy Entry Rules
- Wait for the Trend Logic indicator to display a green line, signifying a bullish trend.
- Then wait for the MACD Crossover Arrows & Alert indicator to plot a blue arrow, indicating a buy signal.
- Enter the buy trade at the close of that trigger candle or on the next candle’s open.
- Set stop loss 5–8 pips below the most recent swing low or just under the Trend Logic green line.
- Set take profit at 8–12 pips for M1 timeframe or 12–20 pips for M5; or exit when the Trend Logic line turns red or a magenta arrow appears.
Sell Entry Rules
- Wait for the Trend Logic indicator to show a red line, confirming a bearish trend.
- Then wait for a magenta arrow from the MACD Crossover Arrows & Alert indicator signaling a sell.
- Enter the sell trade at the close of that signal candle or the next candle’s open.
- Place stop loss 5–8 pips above the most recent swing high or just above the Trend Logic red line.
- Set take profit at 8–12 pips on M1 or 12–20 pips on M5, or close the trade when the Trend Logic line flips to green or a blue arrow appears.
Advantages
- Fast entries and exits make it suitable for scalpers who love high-frequency setups.
- Combines trend direction (Trend Logic) with momentum signal (MACD arrows) to filter out many false signals.
- Works particularly well on volatile periods when currency pairs move quickly and clearly.
- Clear visual cues (green/red line and blue/magenta arrows) simplify decision-making under time pressure.
Drawbacks
- Requires perfect execution and fast reactions; small timeframes leave little margin for error.
- In choppy or low-volatility conditions, the signals may generate false entries or get whipsawed.
- Small stop loss and take profit mean frequent trading is necessary to build meaningful results; transaction costs and spreads matter.
- Monitoring is required constantly during the session — not a set-and-forget strategy.
Case Study 1: AUDUSD M1 Buy Setup
During the London session on the AUDUSD pair, the Trend Logic indicator turned green, signaling a bullish phase.
Shortly afterward, the MACD indicator painted a blue arrow at 0.6745.
A buy trade was opened at 0.6746 with a stop loss at 0.6738 (−8 pips) and a take profit set at 0.6758 (+12 pips).
The market moved strongly upward within minutes and hit the take profit target, delivering +12 pips.
This trade highlights the importance of entering when both trend and signal align in a fast-moving instrument.
Case Study 2: USDJPY M5 Sell Setup
On the USDJPY pair in the New York session, the Trend Logic line turned red, confirming bearish momentum.
Soon after, the MACD Crossover plotted a magenta arrow at 150.12.
A sell order was placed at 150.10 with a stop loss at 150.18 (−8 pips) and a take profit at 149.92 (+18 pips).
Price dropped steadily and achieved the target within roughly 10 minutes, producing +18 pips.
The dual confirmation of trend and momentum allowed a clean, efficient exit.
Strategy Tips
- Select high-liquidity major pairs such as EURUSD, USDJPY, and AUDUSD for cleaner action and tighter spreads.
- Avoid trading immediately before or during major economic news releases — risk of erratic moves and false triggers increases.
- Ensure your broker offers low spreads and rapid order execution, as every pip counts in this strategy.
- If the Trend Logic line keeps oscillating between green and red without a clear arrow signal, skip the trade — it signals indecision or sideways movement.
- Start with a demo or micro account until you can reliably execute entries, exits, and manage the small risk-reward in live conditions.
By using the MACD Crossover Arrows & Alert Indicator and the Trend Logic Indicator together, this scalping system gives MT4 users a disciplined yet agile framework for fast intraday trades.
With alignment of trend and momentum, and strict risk management, it is geared for traders seeking rapid, repeatable opportunities in active market sessions.
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Download the “MACD Crossover Arrows & Alert.mq4” indicator for Metatrader 4
