Force MACD Signal Indicator For MT5

The Force MACD Signal indicator developed for Metatrader 5 is a highly effective Forex tool that delivers user-friendly buy and sell signals.

MACD stands for Moving average convergence/divergence.

When applied to a chart, it presents histogram bars colored in green and red.

Here are the guidelines for buying and selling when using the Force MACD Signal indicator:

  • Green histogram bars indicate an uptrend, signaling a buy opportunity.
  • Red histogram bars suggest a downtrend, indicating a sell opportunity.

The indicator includes various inputs and parameters such as force value, volume type, fast MA, slow MA, signal and colors.

It is recommended to familiarize yourself with its functionality and test it thoroughly on a demo account for an extended period of time.

The Force MACD Signal indicator works with all time frames and can be applied to any trading instrument available on the MT5 charting platform.

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tsd_pp_macd_force_ind_v1.mq5 Indicator (MT5)

Chart Example

Here is how the Force MACD Signal indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Force MACD Signal Indicator?

Find a simple trading example below:

Buy Signal

  • The first green colored Forex MACD histogram bar generates a buy signal.
  • Initiate a buy transaction and set a protective stop loss below support.
  • Exit the buy trade for a fixed take profit, or await a sell signal to close the trade.

Sell Signal

  • The first red colored Forex MACD histogram bar generates a sell signal.
  • Initiate a sell transaction and set a protective stop loss above resistance.
  • Exit the sell trade for a fixed take profit, or await a buy signal to close the trade.

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tsd_pp_macd_force_ind_v1.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the tsd_pp_macd_force_ind_v1.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration