Free Forex Indicators (MT4), Trend Following Indicators

MACD Crossover Alert Indicator

MACD Crossover Alert Indicator is an unbelievably simple but one of the best Forex indicators among the crossover signaling tools. This indicator has proven that one chart with a couple of signaling arrows can be enough to make money from the Forex market on a consistent basis and made Forex trading simpler than ever for both scalpers and intraday traders.

This indicator is applicable at any Forex currency pair window and fits well with all sorts of timeframe charts. For its simplicity of use and easy signals readings, it can be a very special treat for newbie traders.

MACD Crossover Alert Indicator Overview

Once you are done with the installation of the MACD Crossover Alert Indicator at your Forex MT4 platform, your trading chart will appear as the following image:

MACD Crossover Alert Indicator

MACD Crossover Alert Indicator doesn’t use another oscillator window to plot the signals. You don’t have to monitor the MACD window to spot the possible crossover signals.

All you have to do is to spot up/downward arrows around the price bar at the main chart window. An upward arrow signals the bullish crossover signal and downward arrow signals the bearish crossover.

Your job is to pull the trigger according to the arrow direction and exit the trade whenever an opposite arrow is plotted on the chart. This indicator can be added to any Forex trend following strategy and any trend-based indicator can be added with this astonishing tool to turn it into a better trade filter.

MACD Based System: Fx Tipu MACD Oscillator 

MACD Crossover Alert Indicator: Buy Parameters

MACD Crossover Alert Indicator Buying Parameters
  • Price bar closes as a bullish bar at the bottom area of the chart
  • MACD Crossover Alert Indicator plots an upward arrow
  • Trigger the buy entry at the break of the respective bullish bar’s high
  • Set stop loss limit below the current swing low area
  • Exit long/take profit whenever MACD Crossover Alert Indicator plots a downward arrow at the top of the chart

MACD Crossover Alert Indicator: Sell Parameters

MACD Crossover Alert Indicator Selling Parameters
  • Price bar closes as a bearish bar at the top of the chart
  • MACD Crossover Alert Indicator plots a downward arrow
  • Trigger the sell entry at the break of the respective bearish bar’s low
  • Set stop loss limit above the current swing high area
  • Exit short/take profit whenever MACD Crossover Alert Indicator plots an upward arrow at the bottom area of the chart

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.