The BB MACD V6 Forex indicator for MT4 is a simple to use, yet profitable trend indicator based on a combination of MACD + ADX.
The indicator appears in a separate MT4 window in the form of colored dots that oscillate above and below the neutral 0.00 trend level.
BB MACD V6 is always active in the market, either with a buy or sell position.
Key Takeaways:
- A bullish trend occurs when the BB MACD V6 indicator crosses the 0.00 level upwards.
- A bearish trend occurs when the BB MACD V6 indicator crosses the 0.00 level downwards.
- Is always active in the market.
- Good for scalping and day trading pairs.
For scalping purposes, the indicator tends to work the best on the M1, M5 and M15 trading charts.
Free Download:
Download the “BB_MACD_MT4_v6.ex4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
Trading Signals (example):
Execute a buy trade as soon as the BB MACD V6 indicator goes back above the 0.00 neutral level from below.
Execute a sell trade as soon as the BB MACD V6 indicator goes back below the 0.00 neutral level from above.
Close and reverse the position whenever an opposite trading signal arrives on the chart, or exit the open trade for a fixed profit target.
Feel free to use your own favorite trading method or system to open and close trades with the BB MACD V6 Forex indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Time frame, fast EMA, slow EMA, signal SMA, ADX period, show dots, color settings & style
Indicator type: MACD
Repaint? No.
Download Now:
Download the “BB_MACD_MT4_v6.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The BB MACD V6 indicator can be used as a standalone signal indicator.
The indicator can be used together with any strategy or system of your preference.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the BB_MACD_MT4_v6.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
