Impulse MACD Metatrader 4 Forex Indicator

The Impulse MACD forex indicator is a smart variation of the traditional MACD technical indicator.

MACD is one of the most popular forex indicators used in forex trading.

The Impulse MACD indicator consists of a master moving average and signal moving average.

The default settings are set to 34 (Master MA) and 9 (Signal MA) respectively.

  • MACD bars aligned above the zero level represent a bullish trend
  • MACD bars aligned below the zero level represent a bearish trend

Moreover, the Impulse MACD detects range-bound market conditions, in this case, it draws a flat line positioned at the zero level.

Scalpers, day traders and swing traders will benefit from this advanced MACD technical indicator version.

Free Download

Download the impulse-macd.mq4” MT4 indicator

Example Chart

The EUR/USD Hourly chart below displays the Impulse MACD Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Impulse MACD MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Buy the currency pair when the Impulse MACD draws histogram bars above the 0.00 neutral level (bull trend).

Sell Signal: Sell the currency pair when the Impulse MACD draws histogram bars below the 0.00 neutral level (bear trend).

Flat line positioned at the zero level: Do nothing, wait for a new signal to go either long or short or stick with your current position.

Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.

Download

Download the impulse-macd.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Master MA, Signal MA) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

Installation

Copy and paste the impulse-macd.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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