Custom BB MACD Indicator is a very effective Forex trend entry indicator. It allows the traders to judge the trend with less error and to define the best possible area to enter the market. This is the best Forex indicator for those who tends to maintain a clear chart and happy to go in with a very simple but strongly effective trading tool.
Custom BB MACD Indicator doesn’t really need to depend on other technical tools to generate trading signals. It is a standalone indicator. It suits with all Forex currency pairs and fits nice with any timeframe charts. Thus, it brings an ultimate freedom for any level of Forex traders who wish to trend with the trend for a better winning percentage.
Custom BB MACD Indicator Overview
Once the installation process of Custom BB MACD Indicator is done at your mt4 terminal, your trading chart should be appeared as the following image:
Custom BB MACD Indicator includes BB Stops and MACD measures along with moving averages all in one to generate better effective Forex trading signals. It uses a separate oscillator window to keep the main chart window clean. Using this useful tool is even easier than ever. It turns yellow to signal the buy entry with the current bullish trend. In a contrary, it turns blue to signal the sell entry with the flow of the bearish thrust. This line moves in a horizontal basis when there is no valid trend at the market.
Custom BB MACD Indicator: Buy parameters
- Custom BB MACD Indicator turns yellow
- Price action plots a bullish candle at the same time
- Buy at the break of the signaling candle’s high
- Set the stop loss below the respective bullish candle’s low
- Exit long whenever the indicator color turns into blue
Custom BB MACD Indicator: Sell parameters
- Custom BB MACD Indicator turns blue
- Price action plots a bearish candle at the same time
- Sell at the break of the signaling candle’s low
- Set the stop loss above the respective bearish candle’s high
- Exit short whenever the indicator color turns into yellow