BB MACD NRP With Alerts Indicator

BB MACD NRP With Alerts Indicator

BB MACD NRP With Alerts Indicator For MT4 provides buy and sell forex trading signals based on the volatility of MACD within a Bollinger band

The BB MACD NRP with alerts indicator for MT4 is a combination of the classic MACD and Bollinger bands. The indicator plots a Bollinger bands on the MACD and provides trading alerts based on the volatility of MACD. However, as the band is small it’s effective to execute the trade when the bands are breached in up or down direction.

The indicator is similar to trading classic Bollinger bands so new forex traders should familiarize with them beforehand. However, advanced traders will find it interesting to place trades based on the volatility of MACD. The indicator works well on all chart time frames and does not repaint.

BB MACD NRP With Alerts Indicator For MT4 Trading Signals

The indicator plots the MACD line and draws the Bollinger bands around the MACD line. The blue MACD line color indicates an uptrend, while the red MACD line shows downtrend.

As the indicator is Bollinger band, traders can apply multiple trading strategies. Traders can enter the market with a BUY trade if the MACD signal line turns blue. Similarly, if the MACD line turns red a sell position is warranted.

However, as the bands are narrow it provides signals frequently. So, traders can use the alternate strategy and BUY when the MACD line cuts through the upper band signaling an uptrend. Oppositely, traders can enter a sell position on the opposite direction.

Conclusion
In summary, the BB MACD NRP with alerts indicator for MT4 is provides a different trading perspective. It trades based on the volatility of MACD instead of the price.