MACD OsMA Color MTF Alerts Indicator

MACD OsMA Color MTF Alerts Indicator

The MACD OsMA Color MTF Alerts Indicator for MT4 displays buying/selling opportunities using the MACD and the OsMA indicators.

The MACD OSMA Color MTF Alerts Indicator for MetaTrader 4 is an indicator that generates buy and sell signals on multiple time frames. Just as the name suggests, the indicator is a combination of the MACD and OsMA indicators, which works in synergy to identify high-probability setups.

The idea behind this innovative indicator is to ultimately deliver quality trade signals by filtering out false market movement of the price. Therefore, valid trade opportunities are generated when the MACD and OsMA indicators are in agreement.

In other words, the MACD and OsMA indicators were fused to act as a confluence to identify high-probability buy and sell signals. Besides, the indicator was also built with a signal alert system to deliver trade signals to users via email.

How to Trade with MACD OSMA Color MTF Alerts Indicator for MT4

The above image shows the buy and sell signals generated by the MACD OsMA Color MTF Alerts indicator for MT4.

Generally, the MACD is used to identify a bullish or bearish trend. Thus, the green histogram bars above the zero line indicate a bullish market, while the red histogram below the zero line depicts a bearish trend. Furthermore, the OsMA indicator signals a potential trend reversal when the two lines cross over, while a buy/sell signal is posited when the lines cross above/below the zero level.

However, the signal of the MACD and that of the OsMA indicator need to align together before a signal is considered to be valid. Therefore, wait for the lines of the OsMA indicator to cross over, indicating a potential trend reversal. Secondly, wait for the OsMA lines and the histogram bars of the MACD to cross/below above the zero level, which signals a buy/sell entry, respectively.

In addition, you may use a defined risk-reward ratio, or simply break even and hold a running position as long as the MACD and the OsMA indicators are above/below, for a buy/sell trade, respectively.

Conclusion
The MACD OSMA Color MTF Alerts indicator for MT4 is a trend reversal indicator that delivers few but profitable signals. The indicator has the potential of increasing your winning ratios over time, especially when the rules are strictly followed.