MACD Crossover Arrows & Alert Indicator for MetaTrader 5 Download - Free - [Trading Finder]

The MACD Crossover Arrows & Alert Indicator is part of the MetaTrader 5 indicator series. It identifies Swing Low and Swing High pivots using the Moving Average Convergence Divergence (MACD) and shows buy signals (Long) with a green arrow and sell signals (Short) with a red arrow. This oscillator helps identify reversal points and future trends.

MACD Crossover Arrows & Alert Indicator Table

Buy Signal (Long Position)

The image below shows the GBP/USD currency pair chart in the 30-minute timeframe. The indicator detects Swing Lows in a stable uptrend and issues a buy signal with a green arrow.

Sell Signal (Short Position)

The USD/CAD currency pair chart in the image below shows the 15-minute timeframe. The indicator detects Swing Highs in a stable downtrend and issues a sell signal with a red arrow.

MACD Crossover Arrows & Alert Indicator Settings

• MACD Fast EMA Period: Select the period for the MACD fast exponential moving average (EMA), which is set to 12.
• MACD Slow EMA Period: Select the period for the MACD slow exponential moving average (EMA), which is set to 26.
• MACD SMA Period: Select the period for the MACD simple moving average (SMA), which is set to 9.
• MACD Applied Price: Select the MACD price, which is based on the closing price.
• Alert Signal When: Select the condition for the signal alert (set to MACD MAIN AND SIGNAL CROSS).
• Candle To Use For Analysis: Select the candle that will be used for analysis (set to CURRENT CANDLE).
• MACD Type: Select the type of MACD, which is set to Histogram.
• Number Of Candles To Analyse: Select the number of candles to analyze, which is set to 500.

Notification Options: Indicator notification settings:

• Enable Notifications Feature: Set to false (disable notifications).
• Send Alert Notification: Set to true (enable alert notifications).
• Send Notification to Mobile: Set to false (disable mobile notifications).
• Send Notification via Email: Set to false (disable email notifications).

Drawing Options: Indicator drawing settings:

• Draw Signal Arrows: Set to true (enable signal arrow drawing).
• Buy Arrow Code (Switch): Set the code for the buy signal arrow to 241.
• Sell Arrow Code (Switch): Set the code for the sell signal arrow to 242.
• Arrow Size (1-5) (Switch): Set the size of the signal arrow to 3.
• Arrow Color Sell (Switch): Set the color of the sell signal arrow.
• Buy Arrow Code (Cross): Set the code for the buy signal arrow to 233.
• Sell Arrow Code (Cross): Set the code for the sell signal arrow to 234.
• Arrow Size (1-5) (Cross): Set the size of the signal arrow to 2.
• Arrow Color Sell (Cross): Set the color of the sell signal arrow.

Summary

The MACD Crossover Indicator is a tool for detecting price reversals and can be used with various trading strategies. Therefore, it is recommended to combine this indicator with different analytical methods and use its signals as confirmation.