macd crossover alert indicator for mt5

The MACD Crossover Alert Indicator for MT5 is responsible for plotting buy sell arrows based on crossovers between the histogram bars and the signal line. When these crossovers occur, the indicator additionally alerts traders with sound notifications. For forex traders who rely on the macd for technical analysis, this indicator provides a highly useful solution, saving time and ensuring that no critical signal is missed.

Example chart:

macd crossover alert indicator example chart

How to use the macd crossover alert indicator for mt5?

The moving average convergence divergence is one of the most commonly used technical indicators. In fact, it is a standard feature on any metatrader platform. However, the standard version lacks the ability to highlight signals with clear visual cues.

This variation comes in handy and addresses the issue. It places upward and downward arrows directly on the chart for the corresponding setups. On the other hand, it highlights all signals and not all of them are actionable. One should either adjust the settings, use a specific macd-based trading strategy or combine with other tools.

Potential combinations

To increase accuracy and reduce potential fakeouts, it’s justified to combine the macd crossover with other indicators. For example, consider using an i-regression channel. Long opportunities should only be considered when the price is in the lower part of the channel, while short trades should only be taken in the upper part.

As shown in the chart below, this approach can result in nearly all trades being profitable (the closer the edge the better entry).

macd crossover alert indicator combined with igression channel

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