The MACD Squeeze Indicator MT5 (MetaTrader 5) is an oscillator that shares similarities with the ‘Trade The Markets Squeeze’ technique, but it relies on the MACD (Moving Average Convergence Divergence). Its core concept revolves around executing trades exclusively when the Bollinger Bands constrict within the Keltner Bands, creating distinct trading zones. The gauge is visualized through a histogram representation of the MACD, with signal labels aligned along the center line. This forex MT5 indicator is available for free download.
MACD Squeeze Indicator MT5: Introduction
MT5 Indicator Overview
The download link of the MACD Squeeze MT5 indicator is placed at the bottom of this post – once you’re done, your Metatrader 5 trading chart should look similar to the example below.
The MACD Squeeze indicator utilizes color-coded signal labels to highlight the formation of trading zones. As mentioned earlier, these signal labels serve as reference points for executing trades on the MACD, in conjunction with other directional indicators like moving averages or instances of price crossing (e.g., Bollinger Bands).
Integrating this indicator into your scalping, day trading, and swing trading forex strategies will enhance your potential for successful trades. Let’s take a look at simplified trading rules.
Initiate a long position when both the green and red histograms of the MACD Squeeze indicator break out and remain above the zero center line. Close all buy orders when a bullish trend is in progress, and the blue signal label appears on the zero center line.
Initiate a short position when both the green and red histograms of the MACD Squeeze indicator break out and remain below the zero center line. Close all sell orders when a bearish trend is in progress, and the blue signal label appears on the zero center line.
MT5 Indicators: Download and Installation Instructions
Download the MACD Squeeze Indicator MT5.rar archive at the bottom of this post, unpack it, then copy and paste the macd-squeeze.ex5 or macd-squeeze.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Free Download Forex MACD Squeeze MT5 Indicator
To download the MACD Squeeze Indicator for Metatrader 5 (MT5) for free just click the button below: