The Phase Accumulation MACD Metatrader 4 is a simple forex indicator that aids both newbies and advance traders to make precise buy and sell trading decisions.
One of the advantages of using the Phase Accumulation MACD indicator is the indicator’s ability to figure out a currency trend as soon as they start.
This will invariably translate into increased opportunity for more profits.
The simplicity of the Phase Accumulation MACD indicator makes it easy to spot signals, by means of its deep sky blue and sandy brown histograms that are positioned above and below the zero center line in that order.
The USD/CHF H1 chart below displays the Phase Accumulation MACD Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the deep sky blue histograms of the Phase Accumulation MACD Metatrader 4 forex indicator gets aligned above the zero center line.
Sell Signal: Go short when the sandy brown histograms of the Phase Accumulation MACD Metatrader 4 forex indicator takes up spots below the zero signal level.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Phase Accumulation MACD indicator puts up a sandy brown histogram below the zero signal line.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Phase Accumulation MACD indicator forms a deep sky blue histogram above the zero center line.
Tips: The Phase Accumulation MACD indicator is comprised of positive (above the zero center line) and negative (below the zero center line) territories.
The indicator’s positive territory denotes bullish sentiments, while its negative counterpart connotes bearish sentiments.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (TimeFrame, ForSymbol, Price, filter, cyclesFast, cyclesSlow, invented, MinMaxPeriod, LevelUp, LevelDown, Interpolate), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: momentum oscillator
Copy and paste the phase-accumulation-macd.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)