MACD OsMA on Chart MTF V2 Indicator for MT4

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.

How does it work?

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

MACD OsMA on Chart MTF V2 Indicator Example Buy Trade

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

MACD OsMA on Chart MTF V2 Indicator Example Sell Trade


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