This indicator generates the trading entry /exit signals with a colored histogram in a separate window below the main chart. Price is in a bullish market marked with green MACD bars confirms the buy entry signal. On otherside, if the MACD bars turn into red color and price move down with the bearish thrust then it is considered as time to open sell order at the market. With an easy appearance and simple use offers newbie scalpers a great assist for make their accounts growing up.
This indicator suits to apply at any currency pair window and best fit with the lower timeframe charts or intraday charts. Following this indicator is as simple as following the traffic signal. Important thing you should know about the colors and its meaning.
After the installation of the indicator at MT4, the main chart should be look like:
 |
| MACD Bars Indicator |
Trading rule:
Buy entry: MACD Bars Indicator turns into green color, at the same time a bullish candle is formed. Exit order whenever MACD Bars turn into red from green.Sell entry: MACD Bars Indicator turns into red color, at the same time a bearish candle is formed. Exit order whenever MACD Bars turn into green from red.
 |
| MACD Bars Indicator Buy condition |
 |
| MACD Bars Indicator Sell condition |
Read Also:
MACD Color Indicator
Cougar FX System Strategy
0 Response to "MACD Bars Indicator"
Post a Comment