Free Forex Indicators (MT4), Trend Following Indicators

MAxCD MT4 Indicator

MAxCD MT4 Indicator is an alternative upgraded version of well known MACD indicator. It analyzes the market momentum, measures the strength of the momentum, and determines its future directions. It also signals for trade exits and possible momentum reversals. This indicator demonstrates the chart signal in a much easier method so that everybody can understand it.

The Indicator can be applied to trade all kinds of forex currency pairs available in the financial market. Furthermore, this indicator suits all sorts of timeframe charts within the forex MT4 trading platforms.

MAxCD MT4 Indicator Overview

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

MAxCD MT4 Indicator Overview

MAxCD MT4 Indicator Explanation

MAxCD MT4 Indicator stresses more on recent price action data for determining the market momentum. This is why it reacts very quickly within the changes in price actions and fixes its lagging issues.

The method of signaling the momentum is quite similar like MACD indicators. The indicator bars turn positive in value when the momentum is bullish and turns negative for signaling the bearish momentum of the market.

MAxCD MT4 Indicator Explanation

A blue cloud above or below the indicator bars signals for a possible momentum reversal. Such blue clouds are also considered as a trade exit signal for opened market positions.

MAxCD MT4: Buy Conditions

MAxCD MT4 Buy Conditions
  • The indicator bars turn positive in value
  • Price candle closes as a bullish bar
  • Buy triggers at the break of the bullish candle’s high
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator bars turn blue in a declining pattern

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MAxCD MT4: Sell Conditions

MAxCD MT4 Sell Conditions
  • The indicator bars turn negative in value
  • Price candle closes as a bearish bar
  • Sell triggers at the break of the bearish candle’s low
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator bars turn blue in a rising pattern
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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.