Future MACD Indicator for MT5 Download – Free – [TradingFinder]

The Future MACD Indicator is an advanced version of the classic MACD tailored for MetaTrader 5. This analytical tool forecasts potential market trends by applying a forward time shift.

This oscillator helps identify price reversal points and optimal trade entry opportunities by combining the signal line and histogram bars.

Future MACD Oscillator Specifications Table

Below is the technical specification table for the Future MACD Indicator:

At a Glance Future MACD Indicator

The behavior of the signal line and the formation of histogram bars in relation to the oscillator's zero line (the central axis) determine the trend direction.

Accordingly, the likelihood of an uptrend increases when the signal line moves upward, and the histogram bars appear above the zero line.

Conversely, when the signal line turns downward, and bars appear below the zero line, this indicates the beginning of a downtrend.

Buy Signal Setup

Based on the 30 minute NZD/USD pair chart, when both the signal line and histogram bars are positioned above the zero line, this is interpreted as a signal for an uptrend.

Additionally, this indicator leverages a forward time shift feature to forecast upcoming market behavior.

Sell Signal Setup

According to the EUR/USD pair's 4-hour chart, after the signal line reverses direction, histogram bars begin to form in the negative zone, below the zero line.

The downtrend will likely continue as long as both the signal line and the MACD histogram remain below zero.

Future MACD Indicator Settings

The settings for the Future MACD Indicator are as follows:

• Fast EMA Period: Period for the fast exponential moving average
• Slow EMA Period: Period for the slow exponential moving average
• Signal Period: Number of candles used to calculate the signal line
• MACD Draw Type: Select how the MACD is visually displayed
• MACD Width: Thickness of histogram bars
• MACD Color: Color of MACD histogram bars
• Signal Draw Type: Visual style of the signal line
• Signal Width: Thickness of the signal line
• Signal Color: Signal line color
• Alerts ON: Enable alerts
• Alert Email ON: Enable email alert notifications

Conclusion

The Future MACD Indicator can identify price reversal points and generate buy or sell entry signals. Unlike the traditional MACD, this trading tool allows traders to predict future price actions.

One notable feature of this oscillator is the option to choose how the MACD is displayed through the "MACD Draw Type" setting in the configuration panel.