The Dual Time Frame MACD Signal indicator for Metatrader 4 is based on MACD and provides accurate buy & sell signals.
The indicator pops up in a separate MT4 chart window in the form of a colored MACD indicator and signal lines.
The Dual Time Frame MACD Signal indicator can be used in multiple ways.
Feel free to experiment with it!
Buy & Sell Trade Example
- Open a buy trade as soon as the MACD indicator crosses the zero level bottom-up (bullish).
- Open a sell trade as soon as the MACD indicator crosses the zero level top-down (bearish).
The indicator can be used as a standalone trading tool for both trade entry and exit, or as an additional MACD-based buy & sell trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “KAY_DualTimeFrameMACD.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Dual Time Frame MACD Signal 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 Dual Time Frame MACD Signal 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 “KAY_DualTimeFrameMACD.mq4” indicator for Metatrader 4
