The MACD Crossover Signal indicator for Metatrader 4 draws a buy or sell arrow on the chart whenever the histogram bars turn back above or below the 0.00 level.
In essence, it’s a simplified version of the traditional MACD indicator.
Buy & Sell Trade Example
- A green colored arrow is a buy signal.
- A red colored arrow is a sell signal.
The indicator can be used as a standalone trading tool for both trade entry and exit.
It can also be used as an additional buy/sell signals indicator that works together with an existing trading strategy or system of your preference.
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 crossover signal.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the MACD Crossover 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 to trade with the MACD Crossover Signal 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.
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Download the “Macd crossover signal.mq4” indicator for Metatrader 4
