MACD Arrow Alert Indicator (MT4 and MT5)

• Version
• Download 1452
• File Size 38.24 KB
• File Count 1
• Create Date October 2, 2019
• Last Updated February 27, 2025

Login is required for indicator downloads. Downloads are free for all basic indicators, simply create a new user account and/or login to an existing user account to download. Zip file contains both MT4 and MT5 versions.

MACD Arrow Alert Indicator (MT4)

(Click on image to enlarge)

This indicator will generate an arrow alert whenever the MACD Base line crosses above or below the MACD Signal line. A potential up-trend signal when MACD Base line crosses above MACD Signal line and a potential down-trend signal when MACD Base line crosses below MACD Signal line. This MACD alert indicator is set to the same default settings as the original MT4 indicator. The amount of signal arrows can be filtered out by increasing the 'MACD SMA', this changes can be made in the indicator settings.

This indicator should only be used with or as part of a reliable, consistent working strategy that requires the use of the MACD Indicator.

Notes and recommendations: Works well with trending markets, however may need setting adjustments, ie, fast ema, slow ema and macd sma to best suit different market trends. Avoid using during 15-20 minutes before and after medium/high impact news and opening hour of major market sessions. Should only be used with a reliable strategy, proper market analysis and added confirmations to suggest high probability win trade. Take caution during NFP (Non-farm payroll) week, try to avoid trading during NFP week.

Arrow Style Types Table: (Go to Arrow Styles Types page for more details and instructions)

Upgrade to Premium Membership: Go to User Account Page