MACD Histogram with MA Filter Indicator (MT4)

MACD Histogram with MA is a free mt4 (Metatrader 4) Forex indicator that delivers buy/sell signals and consists of MACD and 2 moving averages.

MACD stands for Moving Average Convergence/Divergence.

The indicator appears in a sub-MT4 window as a triple-colored trend histogram and an additional crossover signals system.

The indicator can be used in various ways. I will present you with an example below:

Open a buy trade as soon as the first green trend bar appears above the 0.00 level.
Open a sell trade as soon as the first red trend bar appears below the 0.00 level.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

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The example chart below displays the MACD Histogram with MA mt4 indicator in action.

Trading Tips:

Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MACD Histogram with MA 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.