MACD Histogram with Filter MA Indicator for MT4

Introduction to the MACD Histogram with Filter MA Indicator

The MACD Histogram with Filter MA Indicator is, as the name suggests, a combination of the popular momentum indicator MACD Histogram with the trend determinator Moving Average. As a result, one gets a gauge that provides the correct areas to make the market entry and trade exit too.

The MACD Histogram with Filter MA Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

Anatomy of the MACD Histogram with Filter MA Indicator

The MACD Histogram with Filter MA Indicator allows catching the ongoing trend-momentum along with entry and exit signals. When the MACD Histogram value readings are positive and the fast MA (orange) crosses above the slow MA (dark red) plotting the bullish crossover, it means the momentum is considered bullish and a trader should look for abuy entry. Conversely, when the MACD Histogram value goes negative and the Moving Averages are plotting bearish crossover, the indicator suggests looking for a sell entry, as bearish momentum is considered.

MACD Histogram with Filter MA Indicator Anatomy

These are available customizable inputs in the settings window:

MACD Histogram with Filter MA Indicator Settings

MACD Histogram with Filter MA Indicator: Buy Signal

Follow these steps for a long trade:

  • MACD values should be positive – above 0 level
  • The orange MA crosses over dark red MA to the upside
  • Bullish price pattern is formed
  • Buy trade is now triggered
  • Set stop loss a few pips below the most recent market low
  • Take profit when the opposite crossover happens or use your own trade exit strategy

MACD Histogram with Filter MA Indicator Buy Signal Example

MACD Histogram with Filter MA Indicator: Sell Signal

Follow these steps for a short trade:

  • MACD values should be negative – below 0 level
  • The orange MA crosses under dark red MA to the downside
  • Bearish price pattern is formed
  • Sell trade is now triggered
  • Set stop loss a few pips above the most recent market high
  • Take profit when the opposite crossover happens or use your own trade exit strategy

MACD Histogram with Filter MA Indicator Sell Signal Example

How to set up the MACD Histogram with Filter MA indicator in MetaTrader (MT4)?

Installation Guide

Download the MACD Histogram with Filter MA.rar archive at the bottom of this post, unpack it, then copy and paste the MACD Histogram with Filter MA.ex4 or MACD Histogram with Filter MA.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

MACD Histogram with MA Filter Indicator in MT4 Trading Platform Navigator

Summary Of That Forex Indicator

The MACD Histogram with Filter MA indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

Download Free Forex MT4 MACD Histogram with Filter MA Indicator

To download the MACD Histogram with Filter MA Indicator for Metatrader 4 (MT4) for free just click the button below:

MACD Histogram with Filter MA Indicator Free Download


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