MACD Chart Points Metatrader 4 Forex Indicator

The MACD Chart Points MT4 indicator generates buy and sell trading dots directly on the main activity chart.

The buy/sell dots generated by the indicator are based on MACD.

This MACD indicator is composed of Fast EMA + Slow EMA + Signal SMA.

The indicator settings can be customized directly from the indicator’s input tab.

Blue dots suggest the trend is bullish and traders look to open a buy trade position.

Red dots suggest the trend is bearish and traders look to open a sell trade position.

This indicator can be useful for any trade style (scalping, day trading, swing trading).

Free Download

Download the macd-chart-points.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the MACD Chart Points forex indicator in action.

Basic Trading Signals

Signals from the MACD Chart Points are easy to interpret and goes as follows:

Buy Signal: Open buy order when a blue dot appears on the chart (bullish signal).

Sell Signal: Open sell order when a red dot appears on the chart (bearish signal).

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

Download

Download the macd-chart-points.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (FastEma, SlowEma, SignalSMA) 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 macd-chart-points.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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