MACD Momentum Indicator MT4

The MACD Momentum Indicator MT4 was developed as a substitute for the conventional MACD, since it tends to exhibit delayed signals when applied to weekly data. To address this issue, Tom Aspray (the creator of this indicator) conducted extensive research to enhance the MACD’s performance. He experimented with different combinations of inputs for the three exponential moving averages and eventually discovered a favorable solution. By incorporating a 10-day momentum, smoothed over a 3-day period, in the form of a histogram (MACD-H), he achieved highly satisfactory outcomes.

Sounds interesting? Let’s take a closer look at it.

MACD Momentum Indicator: Introduction

MT4 Indicator Overview

The download link of the MACD Momentum MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

MACD Momentum Indicator Example Chart 1

The MACD Momentum indicator closely tracks the variance between simple and exponential moving averages of the price. It utilizes the MACD histogram bar to display the disparity between these moving averages. The positive and negative values of the histogram bar serve as determinants of price momentum.

MACD, being a momentum indicator, garners admiration from a vast number of active traders, ranging from novices to seasoned professionals. Its popularity as a MetaTrader indicator stems from its easily understandable signals, uncomplicated trading rules, and straightforward application.

Experts in the market consider the MACD Momentum as an excellent tool for forex scalping, intraday trading, and long-term price projections.

MACD Momentum Indicator Example Chart 2

Forex Trading Suggestions

In the chart above, the red-colored slope corresponds to a 9-day Signal Simple Moving Average (SMA). Conversely, the green and yellow slopes represent the 12-day and 26-day Exponential Moving Averages (EMA) respectively.

During a bullish momentum, the MACD histogram bar indicates positivity, and the fast EMA rises above the signal SMA. To further validate this trend, ensure that the slow EMA moves below all the moving averages of the indicator.

For a bearish momentum confirmation, the fast EMA should fall below both the signal SMA and the slow EMA. Additionally, the MACD histogram bars will display negativity, signaling a bearish momentum alert.

MT4 Indicators: Download and Installation Instructions

Download the MACD Momentum Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the macd-momentum.ex4 or macd-momentum.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.

Indicator Summary

The MT4 MACD Momentum indicator for MetaTrader stands out as a top-tier momentum alert indicator, renowned for its effectiveness. It seamlessly integrates with charts of various timeframes and proves valuable in both swing trading and trend-following strategies. Furthermore, you can incorporate this indicator into any MT4 trading approach to elevate your trading performance. The indicator is available for free download and can be effortlessly installed.

Free Download Forex MACD Momentum MT4 Indicator

To download the MACD Momentum Indicator for Metatrader 4 (MT4) for free just click the button below:

MACD Momentum Indicator Free Download

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