MACD OsMA on Chart MTF V2 Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the MACD OsMA on Chart MTF V2 Indicator

The MACD OsMA on Chart MTF V2 Indicator is a forex indicator that defines the market trend and additionally signals for trade entries by using clear upward/downward arrows. What’s more, it places an orange overall on candlesticks when the trend is bearish. Similarly, you can notice a green overlay when the trend is bullish. It is a great fit for both beginners and advanced forex traders.

The MACD OsMA on Chart MTF V2 Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on 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.

How does it work? How to apply in trading?

Trading Rules Explanation

The MACD OsMA on Chart MTF V2 Indicator consists of three elements: buy/sell arrows, moving average, and candlesticks overlay. Using it is really simple. You just need to follow the provided buy/sell arrows as trading signals. Obviously, a trader will get the best results trading with the MACD OsMA on Chart MTF V2 Indicator when the large market swings take place.

Buy Signal

Follow these steps for a long trade:

MACD OsMA on Chart MTF V2 Indicator provides blue buy arrow
Price swings higher from recent low swing
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit whenever the MACD OsMA on Chart MTF V2 Indicator provides opposite arrow or use your own method of trade exit

Sell Signal

Follow these steps for a short trade:

MACD OsMA on Chart MTF V2 Indicator provides red sell arrow
Price swings lower from recent high swing
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last swing high of the market
Take profit or exit whenever the MACD OsMA on Chart MTF V2 Indicator provides opposite arrow or use your own method of trade exit

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the MACD OsMA on Chart MTF V2 indicator in MT4?

Installation Guide

Download the MACD OsMA on Chart MTF V2.rar archive at the bottom of this post, unpack it, then copy and paste the MACD OsMA on Chart MTF V2.ex4 or MACD OsMA on Chart MTF V2.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.

Bottom Line

The MACD OsMA on Chart MTF V2 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.