Skip to content

MACD High/Low Forex Signal Indicator For MT5

    The MACD High/Low Forex Signal indicator for Metatrader 5 is based on a double exponential moving average and provides powerful buy and sell signals.

    The indicator is displayed as a blue and red colored oscillator line in a separate chart window.

    The trade logic is very easy to understand and works as follows:

    • The blue colored line represents a buy trend.
    • The red colored line represents a sell trend.

    The MACD High/Low indicator should work well as a standalone buy and sell signals tool.

    The following indicator inputs can be modified: Fast DEMA period, slow DEMA period, signal period, look back period, early levels %, and price.

    Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period

    It supports all time frames and Forex pairs.

    Download Indicator 🆓

    Macd hl.mq5 Indicator (MT5)

    Chart Example

    The following chart shows what the MACD High/Low indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Forex Pairs With The MACD High/Low Signal Indicator?

    Find a simple trading example below:

    Buy Signal

    • A buy signal is formed when the blue colored MACD signal line gets displayed in the chart.
    • Initiate a buy transaction and place a stop order slightly below technical support.
    • Close the buy trade for a fixed profit target.
    • Don’t wait for the MACD line to revert to red color.

    Sell Signal

    • A sell signal is formed when the red colored MACD signal line gets displayed in the chart.
    • Initiate a sell transaction and place a stop order slightly above technical resistance.
    • Close the sell trade for a fixed profit target.
    • Don’t wait for the MACD line to revert to blue color.

    Download Now 🆓

    Macd hl.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 Macd hl.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
    Share this post!