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.
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Download the “MACD Crossover Arrows & Alert.mq4” indicator for Metatrader 4
