The MACD Zoom buy/sell forex indicator works on the traditional MACD principle but comes with some extra interesting functions.
The indicator has a built-in zoom function that works very well.
The zoom function can be set to manually or automatic.
Buying and selling pairs with the indicator is very simple.
A buy signal occurs when the MACD Zoom indicator crosses back above the zero level from below.
Vice versa, a sell signal occurs when the MACD Zoom indicator crosses back below the zero level from above.
Feel free to play with its zoom function.
The EUR/USD H1 chart below displays the MACD Zoom Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the MACD Zoom MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the MACD Zoom indicator turns back above the zero level from below.
Sell Signal: Open sell trade position when the MACD Zoom indicator turns back below the zero level from above.
Tip: Utilize the MACD Zoom indicator together with trend indicators for more precise buy and sell trades.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (timeframe, manual zoom, automatic zoom) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the MTH-b700-Mod-MTF-TickVolume-Indi.ex4 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)