The MACD Trend Candles Forex indicator for Metatrader 4 draws buy & sell candlesticks on the chart based on the MACD trading method.
The indicator opens up in the main chart window of the trading platform as green and red colored candlesticks.
It also provides an overall view of the current trend found across multiple time frames.
Buy & sell trading signals:
- The first green candlestick is a buy signal.
- The first red candlestick is a sell signal.
- Exit and reverse the open position whenever the candlestick changes its color.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download:
Download the “Macd trend candles.ex4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
The picture below shows the MACD Trend Candles mt4 indicator in action on the trading chart.
Trading Signals (example):
Utilize your own favorite trade entry, stop loss and take profit method to trade with the MACD Trend Candles indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: MACD
Repaint? No.
Download Now:
Download the “Macd trend candles.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The CCI Divergence indicator was developed for the MT4 trading platform and can be used as a standalone technical analysis indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Macd trend candles.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
