Tipu MACD Indicator

Tipu MACD Indicator

Tipu MACD Indicator For MT4 provides visual alerts and buy and sell forex trading signals based on the classic MACD indicator.

The Tipu MACD indicator for MT4 is a version of the classic MACD- Moving Average Convergence and Divergence MetaTrader indicator with alerts. Additionally, the indicator provides bullish and bearish arrow trading signals on the Zero line cross and Signal line cross. As a result, forex traders can understand the MACD trading signals visually and by alerts.

The indicator is simple to use and is effective for new and advanced forex traders. Moreover, the indicator works well in all chart time frames.

Tipu MACD Indicator For MT4 Trading Signals

The above GBPUSD H4 candlestick price chart shows the Tipu MACD indicator for MT4 in action. Generally, the indicator displays the MACD as a separate window. In fact, traders can use this indicator similar to the classic MACD indicator.

As the indicator helps to anticipate trend changes traders should enter the market and execute the buy signals when the histogram is red. Likewise, traders should place sell trades when the histogram is green. This enables the forex technical trader to enter trades with good risk to reward ratio.

However, traders can choose to enter the market towards the direction of crossover when the indicator crosses the Zero line.

Conclusion
Though the indicator is another version of MACD, forex traders can customize the Tipu MACD indicator for MT4 for effective technical analysis.