The MACD Cloud Forex indicator that runs on Metatrader 4 is a cloud based buy & sell MACD indicator that works well.
- The green MACD cloud represents an up trending market.
- The red MACD cloud represents a down trending market.
For scalping and day trading the M1, M5 and M15 time frames, utilize the indicator during the London and U.S. trading sessions for best performance.
For swing trading (H1, H4 and D1 charts), it can be uses across all trading sessions without any problem.
Indicator Example Chart (EUR/USD Daily)
How to trade with it (example)?
Open a buy trade as soon as the green MACD cloud starts drawing on the chart.
Open a sell trade as soon as the red MACD cloud starts drawing on the chart.
Exit the trade when an opposite trading signal appears on the chart, or close for a fixed profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the MACD Cloud Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: History, zero period, MACD compress, fast mode, slow mode, signal mode 1, signal mode 2, color settings & style
Indicator type: MACD
Repaint? Does not repaint the MACD cloud.
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 all-macd-adaptive-mtf-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.