MACD Color Indicator

MACD Color Indicator is an modified version of one of the best Forex momentum indicator known as “MACD”. It works almost the same as its original version but appearance and signal which generated have become visibly clearer to understand and it also decrease the lagging signals issues with the latest version.

MACD Color Indicator is suitable at any Forex currency pair and fits well with any timeframe charts available at your trading terminal. Besides, the simple and easy signal reading made it more appealing to the newbie traders to try.

MACD Color Indicator has a MA (thin black color line) and its histogram bars all together to produces the momentum signals. When The MA value above zero and the green MACD bars closing above the MA line with upward pattern confirms the bullish momentum. While an MA gets its negative value and the red MACD bars closing below the MA level line signals the bearish momentum.

 BUY Entry

• MACD MA line turns positive value
• MACD bars turn green and above the MA level
• At the same time a bullish bar formed
• BUY condition triggered by the break of the bullish bar’s high
• Set stop loss below signaling bar’s low
• Exit BUY whenever MACD bars close below the MA level with a downward pattern

MACD Color Indicator BUY condition

SELL Entry

• MACD MA line turns negative value
• MACD bars turn red and below the MA level
• At the same time a bearish bar formed
• SELL condition triggered by the break of the bearish bar’s low 
• Set stop loss above signaling bar’s high
• Exit SELL whenever MACD bars close above the MA level with a upward pattern

MACD Color Indicator SELL condition

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Forex Tipu MACD Oscillator Indicator