MACD Crossover Arrows & Alert Indicator
For today MACD Crossover Arrows & Alert is a MT4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits on the stocks and currencies market.
CATEGORIES: MT4, SIGNAL, OSCILLATOR
Updated on: 26.10.2023
Moving Average Convergence and Divergence indicator crossover is a very successful forex trading strategy. As a result, many forex traders include this mt4 indicator as an essential part of their technical trading strategy. Traders interpreted the Bullish and Bearish crossover signals by the crossover of Histogram in the traditional MACD indicator. However, this MACD Crossover Arrows & Alert MT4 indicator provides alerts on Bullish and Bearish crossover and is a boon for MACD forex traders.
How to trade the Moving Average Convergence and Divergence Crossover Arrows & Alert indicator successfully?
The above USDCAD H4 chart shows the Buy and Sell signals provided by the indicator from 18th December to 25th January. MACD Crossover Arrows & Alert indicator displays the BUY signals as BLUE arrows and the SELL arrow signals in RED color.
This mt4 indicator provides a BUY signal if the MACD signal line crosses over the MACD histogram upwards. It also displays a Sell signal if the MACD signal line crosses over the MACD histogram downwards.
The first sell signal appeared on 23rd December 2020 as a bearish crossover appeared in the MACD. The MACD signal line crossed the Histogram from up to down. The subsequent BUY and SELL signals are also displayed depending on a Bullish or Bearish crossover.
Traders can use the MACD signal alerts from a higher time frame chart as the main trend direction. Traders can use other signals from the lower time frame charts to identify the best entry signals. For example, if the MACD provides a BUY signal in the H4 chart, the trader can choose to trade only the BUY signals from an M30 chart. In this case, it may ignore the SELL signals. Thereby effectively trading the H4 chart using an M30 chart.
The arrows and alerts are easily identifiable and are very helpful for both new and experienced traders. Additionally, this MetaTrader indicator can be configured to email the buy and sell signals. While the signal is displayed on the charts, it also shows the alert in a window.
Based on the signals, the Moving Average Convergence and Divergence forex trader can either trade these signals alone. Or he can combine them with other technical indicators.
Conclusion:
The arrow alerts and the email alerts provided by this Moving Average Convergence and Divergence Crossover Arrows & Alert MT4 indicator are instant and accurate. Forex traders with MACD crossover as a component of their technical trading strategy will appreciate its use.
You must be logged in to post a review.
Copyright 2025
Reviews
There are no reviews yet.