The MACD 3 TF NRP Forex indicator for Metatrader 4 provides easy to trade buy and sell signals in the bottom window of your trading platform.
Its signals work very well for scalpers and day traders.
Buying and selling trading instruments with the MACD 3 TF NRP indicator is simple and it can be used in multiple ways.
Buy & Sell Trade Example
- Open a buy trade when the MACD 3 TF NRP histogram bars trade back above the 0.00 neutral level.
- Open a sell trade when the MACD 3 TF NRP histogram bars trade back below the 0.00 neutral level.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
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 3 tf nrp.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the MACD 3 TF NRP 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 3 TF NRP 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.
MACD 3 TF NRP + AG Renko Chart Forex Day Trading Strategy
This day trading strategy combines the MACD 3 TF NRP Forex Indicator for MT4 with the AG Renko Chart Metatrader 4 Forex Indicator.
The MACD 3 TF NRP indicator generates buy signals when the histogram crosses above zero and sell signals when it crosses below.
The AG Renko Chart shows blue Renko lines for bullish trends and red Renko lines for bearish trends.
By combining these two indicators, traders can identify trend direction and enter high-probability intraday trades aligned with momentum.
Why this strategy works
This strategy works by aligning trend and momentum signals to filter out market noise.
The MACD 3 TF NRP identifies shifts in momentum, while the AG Renko Chart confirms the prevailing trend visually.
Using both together helps traders avoid countertrend entries and increases the probability of successful intraday trades.
Buy Entry Rules
- Wait for the MACD 3 TF NRP histogram to cross above zero.
- Confirm that the AG Renko Chart displays a blue Renko line.
- Enter a buy trade at the open of the next candle after both conditions are met.
- Place the stop loss below the most recent swing low or below the Renko support.
- Set the take profit near the next resistance level or use a 1:2 risk-reward ratio.
- Exit early if the MACD histogram crosses below zero or the Renko line turns red.
Sell Entry Rules
- Wait for the MACD 3 TF NRP histogram to cross below zero.
- Confirm that the AG Renko Chart displays a red Renko line.
- Enter a sell trade at the open of the next candle after both conditions are met.
- Place the stop loss above the most recent swing high or above the Renko resistance.
- Set the take profit near the next support level or use a 1:2 risk-reward ratio.
- Exit early if the MACD histogram crosses above zero or the Renko line turns blue.
Advantages
- Combines momentum and trend confirmation for higher-probability trades.
- Renko charts filter out market noise, making trend direction clearer.
- Visual signals allow quick identification of entries and exits.
- Works well on M15 and H1 charts for intraday trading.
- Structured stop loss and take profit guidelines help manage risk effectively.
Drawbacks
- Signals may lag during sudden trend reversals.
- False entries can occur in low-volatility or ranging markets.
- Renko charts may be less effective on low-liquidity pairs.
Case Study 1 – EUR/CHF H1
During the London session, EUR/CHF showed a blue Renko line while the MACD 3 TF NRP histogram crossed above zero.
A buy trade was entered at 1.0740 with a stop loss at 1.0728 and a take profit at 1.0760.
The trade reached the target in 90 minutes, producing a 20-pip gain.
Case Study 2 – AUD/CAD H1
During the New York session, AUD/CAD showed a red Renko line while the MACD 3 TF NRP histogram crossed below zero.
A sell trade was entered at 0.9125 with a stop loss at 0.9140 and a take profit at 0.9105.
The trade reached the take profit in 2 hours, resulting in a 20-pip gain.
Strategy Tips
- Use M15 or H1 charts to capture intraday trends efficiently.
- Focus on liquid pairs like EUR/CHF, AUD/CAD, GBP/USD, and EUR/USD for tighter spreads.
- Adjust stop loss and take profit according to session volatility.
- Consider only taking trades in the direction of major market sessions for higher reliability.
- Monitor momentum and trend alignment closely to avoid trading during sideways markets.
This intraday strategy merges momentum and trend indicators, providing structured entries and exits with disciplined risk management for consistent day trading results.
