Free Forex Indicators (MT4), Trend Following Indicators

MACD Bars Indicator MT4

MACD Bars Indicator MT4 is the coolest Forex trading indicator that you may have ever experienced in your trading life. This indicator has been widely famous among scalpers and now ever Forex day traders cause it perfectly matches with their intraday Forex trading strategy.

This indicator suitable to use for any Forex currency pair window and it fits best with intraday charts especially with the lower timeframe charts. Following this amazing Forex indicator is as easy as following the traffic signal. The only thing you need to know the colors and its meanings.

MACD Bars Indicator Overview

MACD Bars Indicator
MACD Bars Indicator

This indicator plots the trading signals with a series of colored bars in a separate oscillator window. Price is in a rising pattern with MACD bars turned into green confirms the buy entry signal and bullish trend as well. On the other hand, if the MACD bars turn into red from green and price starts to fall with the bearish thrust then it is interpreted as the sell time at the market. It has been witnessed that MACD Bars Indicator is tremendously successful in Forex scalping trades.

It’s easy look and simplicity of use offers newbie scalpers a great assist for the steady level of success rate and growing up their trading accounts.

MACD Related Indicators: MACD V3 Candles 

MACD Bars Indicator: Buy Parameters

MACD Bars Indicator Buy Parameters
MACD Bars Indicator Buy Parameters
  • MACD Bars Indicator turns green
  • A bullish candle is formed at the same time
  • Buy at the break of the respective bullish candle’s high
  • Set stop loss below the signaling candle’s low
  • Exit the buy entry whenever MACD Bars turn red

MACD Bars Indicator: Sell Parameters

MACD Bars Indicator Sell Parameters
MACD Bars Indicator Sell Parameters
  • MACD Bars Indicator turns red
  • A bearish candle is formed at the same time
  • Sell at the break of the respective bearish candle’s low
  • Set stop loss above the signaling candle’s high
  • Exit the sell entry whenever MACD Bars turn green
Free Download MACD Bars Indicator
Free Download MACD Bars Indicator
Share on:

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.

Leave a Comment

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.