MACD Rising Falling Metatrader 4 Forex Indicator

The MACD Rising Falling MT4 indicator is an intelligent EMA based MACD indicator with green and red histogram signals.

This MACD indicator is composed of Fast EMA (12) + Slow EMA (26) + Signal EMA (9).

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

There are three types of signals:

  • Green histogram bars: this is a signal to buy the pair
  • Red histogram bars: this is a signal to sell the pair
  • Yellow histogram bars: the market is flat or range-bound. Stick with your current position or wait for a green or red histogram bar to popup

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

Free Download

Download the macd-rising-falling.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the MACD Rising Falling forex indicator in action.

Basic Trading Signals

Signals from the MACD Rising Falling are easy to interpret and goes as follows:

Buy Signal: Open buy order when a green histogram bar appears on the chart (bullish signal).

Sell Signal: Open sell order when a red histogram bar 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-rising-falling.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (FastEma, SlowEma, SignalEMA, Price, ShowOsma) 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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