Free Forex Indicators (MT4), Trend Following Indicators

DiNapoli MACD MTF & Alert

DiNapoli MACD MTF & Alert is a trend-following forex trading oscillator, developed especially for short-term trading or scalping purposes. The market is always dynamic, so moving along with the correct trend motion is always challenging especially when you’re scalping. This indicator is able to define the market trends correctly by using its dual-trend filtering system.

DiNapoli MACD MTF & Alert can be applied to trade all kinds of forex currency pairs available in the financial markets. However, as a scalping tool, it works better when applied for shorter timeframe charts like M5 & M15 of your MT4 trading platform.

DiNapoli MACD MTF & Alert Overview

Download and install the oscillator on your MT4 terminal. Once you’re done, your chart will appear like the following image:

DiNapoli MACD MTF & Alert Overview

DiNapoli MACD MTF & Alert Explanation

DiNapoli MACD MTF & Alert plots crossover trend signals by applying 8-DNMA and 18-DNMA in the oscillator window. It also uses MACD bars as a secondary filter of the trend signals.

8-DNMA crosses above 18-DNMA represents a bullish crossover signal. Oppositely, 18-DNMA crosses above 8-DNMA means it is a bearish crossover confirming the bearish trend of the market.

DiNapoli MACD MTF & Alert Explanation

Once a crossover signal is confirmed, match it with the MACD value for the final confirmation of the market entry. The bullish crossover should be matched with positive MACD value and the bearish crossover should be aligned with negative MACD value.

DiNapoli MACD: Buy Conditions

DiNapoli MACD Buy Conditions
  • 8-DNMA moves above the 18-DNMA level
  • MACD bar moves above the zero level
  • Buy triggers when the above conditions are met
  • Set stop loss below the current swing low of the market
  • Exit long or take profit whenever 8-DNMA crosses below the 18-DNMA value

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DiNapoli MACD: Sell Conditions

DiNapoli MACD Sell Conditions
  • 8-DNMA moves below the 18-DNMA level
  • MACD bar moves below the zero level
  • Sell triggers when the above conditions are met
  • Set stop loss above the current swing high of the market
  • Exit short or take profit whenever 18-DNMA crosses below the 8-DNMA value

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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