The ZigZag MACD Candle indicator for Metatrader 5 follows the trend and delivers easy-to-follow buy and sell trading signals.
By merging the ZigZag and MACD, this indicator enhances the prediction of currency trends and minimizes delays.
This tool is particularly advantageous for scalpers and day traders who engage in trend-based trading.
How can you identify trend direction using the ZigZag MACD Candle indicator?
- Sea-green colored candles indicate a buy trend.
- Magenta-colored candles suggest a sell trend.
The indicator includes several inputs and parameters, such as MACD settings, zigzag settings, colors, and more.
Free Download
zig-zag-macd-candle.mq5 Indicator (MT5)
Trade Chart Example GBPUSD H1
The picture below illustrates what the ZigZag MACD Candle indicator looks like when applied to the MT5 chart.
How To Buy And Sell Using The ZigZag MACD Candle Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal is generated when the first sea-green colored candle gets displayed on the chart.
- Open a buy trade and place a stop loss below short-term support.
- Close the buy trade for a 10-25 pip potential profit.
- Alternatively, await a sell signal to close the buy trade.
Sell Signal
- A sell signal is generated when the first magenta-colored candle appears on the chart.
- Open a sell trade and set a stop loss above short-term resistance.
- Close the sell trade for a 10-25 pip potential profit.
- Alternatively, await a buy signal to close the sell trade.
