BB MACD V6 Forex Indicator (MT4)

About the BB MACD V6 Indicator

The BB MACD V6 Forex indicator for MT4 is a simple-to-use, yet profitable trend indicator based on a combination of MACD + ADX.

It displays colored dots oscillating above/below the zero line, offering traders an always‑active buy/sell signal tool.

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.
• It 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

Benefits of Using the Indicator

• Always-active trend direction signals, no waiting for buy/sell setups.
• Combines momentum and trend strength for high-confidence entries.
• Ideal for scalping, day trading, and swing trading.
• Helps avoid false signals in sideways or low-momentum markets.

Indicator Example Chart (EUR/USD Daily)

How To Trade Forex Using This Indicator

• 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 favorite trading method or system to open and close trades with the BB MACD V6 Forex indicator.

Download Now

Download the “BB_MACD_MT4_v6.ex4” indicator for Metatrader 4

BB MACD v6 + HMA Mega Trend Arrows Strategy for MT4

This powerful trend-following strategy blends the momentum-based signals from the BB MACD v6 Forex Indicator with the smooth trend direction and entry signals from the HMA Mega Trend Arrows Indicator.

When used together, these indicators provide traders with a visually clear, momentum-backed trading system optimized for M15 to H1 timeframes.

Ideal for swing and intraday trading, the strategy seeks to capture extended trend moves with reduced whipsaws.

What Is This Strategy About?

The BB MACD v6 indicator combines Bollinger Bands and MACD logic to create a color-coded histogram and signal line system that shows trend momentum and strength.

The HMA Mega Trend Arrows indicator uses the Hull Moving Average (HMA) to detect shifts in trend direction and plots buy/sell arrows when momentum aligns.

The synergy between these tools helps confirm strong trend entries and reduces the chances of trading against the prevailing momentum.

How the Indicators Work Together

1. BB MACD v6 Forex Indicator

Displays a histogram that shifts colors based on MACD and Bollinger Band dynamics.

Green bars suggest bullish momentum; red bars indicate bearish pressure.

This indicator helps detect trend strength and potential reversals early.

2. HMA Mega Trend Arrows Indicator

This indicator places visual buy or sell arrows directly on the chart when the Hull Moving Average changes slope and confirms a directional bias, providing simple entry signals during trending conditions.

Buy Rules

• Wait for a Buy Arrow from the HMA Mega Trend Arrows Indicator.
• Confirm that the BB MACD v6 histogram is green and rising, with the signal line also turning upward.
• Enter a long position at the close of the candle that shows both confirmations.
• Place a stop loss below the recent swing low or the last red BB MACD histogram bar.
• Set take profit near the next resistance level or trail your stop using a moving average or ATR-based method.

Sell Rules

• Wait for a Sell Arrow from the HMA Mega Trend Arrows Indicator.
• Confirm that the BB MACD v6 histogram is red and falling, with the signal line sloping downward.
• Enter a short position at the close of the candle with both conditions met.
• Place a stop loss above the recent swing high or above the last green histogram bar.
• Take profit near the next support level or trail your stop to ride the trend.

Case Study Example

GBP/JPY M15 Chart Analysis (2-Week Sample Period):

• Total Signals: 48 trades
• Winning Trades: 32 (66.7%)
• Average Win: +30 pips
• Average Loss: -14 pips
• Net Result: +736 pips over the testing period

Advantages of the Strategy

• Double Confirmation: Entry signals are filtered by both trend direction and momentum for improved accuracy.
• Visually Intuitive: Color-coded histogram and arrows make this strategy beginner-friendly.
• Trend-Capturing Ability: Ideal for riding strong directional moves with minimal noise.
• Flexible Use: Suitable for M15 to H1 charts across Forex pairs, indices, and metals.

Drawbacks and Considerations

• False signals may occur during sideways or consolidating markets—best used during trending sessions.
• Slight lag due to smoothing (MACD and HMA); entries may miss the very beginning of a move.
• Requires patience to wait for both confirmations before entering trades.

Conclusion

The combination of the BB MACD v6 and HMA Mega Trend Arrows indicators forms a robust and visually clean MT4 trading system.

With clear trend and momentum signals, this strategy helps traders stay on the right side of the market and confidently capture extended moves with minimized noise and confusion.

Indicator Specifications

Final Words

The BB MACD V6 Forex Indicator offers a robust combo of MACD momentum and ADX trend strength through clear dot signals.

It’s ideal for traders seeking reliable trend entries across multiple timeframes.

Download it now and start trading with momentum-backed confidence!