The MACD 3 time frames indicator for MT4 is a Forex signals indicator that delivers trading signals based on 3 different time frames for better accuarcy.
You can change the 3 time frames by accessing the indicator’s inputs.
By default, it uses the M15, H1 and H4 time frames.
- A buy signal occurs when the MACD signal bars appear above the zero level.
- A sell signal occurs when the MACD signal bars appear below the zero level.
A strong buy or sell signal occurs whenever ALL 3 MACD signal bars appear above or below the zero level.
Indicator Example Chart (EUR/USD H4)
How to trade with it?
Open a buy trade whenever the MACD signal bars trade back above the 0.00 level from below.
Open a sell trade whenever the MACD signal bars trade back below the 0.00 level from above.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your own favorite trading method to open and close trades with the MACD 3 time frames Forex indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast EMA period, slow EMA period, signal SMA period, K period, D period, RSI period, RSI signal, CCI period, CCI signal, TF 1, TF 2, TF 3, color settings & style
Indicator type: MACD
Repaint? Does not repaint the colored MACD bars on the chart.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 3-timeframes-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.