The Cronex Impulse Metatrader 4 forex indicator is an enhanced version of the traditional MACD technical indicator.
Cronex Impulse uses different indicator settings and a simple moving average instead of an exponential moving average.
The default Cronex indicator settings are: slowMA is set to period 34, FastMA is set to period 14 and Signal MA is set to period 9.
The default indicator period settings can be changed from the indicator inputs tab.
The Cronex Impulse indicator is very easy to trade:
- Look for buy signals when the indicator crosses back above the 0.00 zero line from below
- Look for sell signals when the indicator crosses back below the 0.00 zero line from above
Combine Cronex Impulse with a trend following indicator and trade in the direction of the overall trend.
Avoid trading signals against the overall trend.
The EUR/USD 15-Minute chart below displays the Cronex Impulse Forex Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Cronex Impulse MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the Cronex Impulse Metatrader 4 indicator crosses back above the zero line from below.
Sell Signal: Open sell trade position when the Cronex Impulse Metatrader 4 indicator crosses back below the zero line from above.
Trade Exit: Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (SlowMA, FastMA, SignalMA) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the cronex-impulse-cd.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)