DEMA MACD Zones Amp Alerts 2 Indicator

DEMA MACD Zones Amp Alerts 2 Indicator

DEMA MACD Zones Amp Alerts 2 Indicator For MT4 combines the double exponential moving average and MACD indicators to provide best forex trading signals

The DEMA MACD Zones Amp Alerts 2 Indicator for MT4 provides forex trading signals. It uses DEMA – Double exponential moving average and MACD- Moving average convergence and divergence indicators. Additionally, it provides trading alerts upon new buy and sell trading signals.

The indicator changes the chart background color to indicate 4 different market conditions as zones viz, up, neutral up, down and neutral down. The indicator is suitable for new and advanced forex traders, but traders should note that this indicator recalculates based on price changes. Moreover, the indicator works well on all intraday price charts and all higher time frames.

DEMA MACD Zones Amp Alerts 2 Indicator For MT4 Trading Signals

The indicator plots the bullish color as green and neutral bullish as light green, while the down is in red and the neutral down is light red.

If the chart background color changes to up, traders should enter a buy trade. Traders should place a stop loss below the previous swing low and book profit at the opposite trading signal or at a neutral trading signal.

Similarly, if the chart background changes from neutral to red traders should place a sell position. However, forex traders should note that this indicator recalculates and change the background colors according to price changes. So, traders should spend time understanding this indicator before trading in the LIVE markets.

Conclusion
The DEMA MACD zones amp alerts indicator for MT4 displays the chart background color as four different zones based on up, neutral up, down and neutral down.