Forex MACD Signal MT4 Indicator

Forex MACD Signal MT4 Indicator:

About the Forex MACD Signal MT4 Indicator

Moving Average Convergence Divergence (MACD) Signal

Input parameters:

  • signal mode: set it to true if you want to plug it into STAT (Signal Tester and Trader)
  • arrow shift: distance between fast EMA line to arrow on chart
  • standard entry mode for MACD
  • fast EMA period
  • slow EMA period
  • MACD period
  • MACD price method

Standard Entry mode:

  • buy when slow EMA cross and close above fast EMA while above the 0 line
  • sell when fast EMA cross and close above slow EMA while below 0 line

Test results:

Forex MACD Signal MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment