The DSL MACD Forex Signal Oscillator MT4 indicator searches for high probability trend direction and signal for buy/sell trades accordingly.
This MACD indicator produces high quality Forex signals that are easy to follow due to its colored signal line.
Some traders make 50 pips a day with the DSL MACD Forex signal indicator. Try it!
Just load the DSL MACD Forex Signal Oscillator indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- The green DSL MACD signal line represents a bullish trend.
- The orange DSL MACD signal line represents a bearish trend.
- The gray DSL MACD signal line represents a range-bound market.
- Works for scalpers, day traders and swing traders alike.
Feel free to explore the DSL MACD Forex Signal Oscillator indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “dsl-macd-oscillator.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The DSL MACD Forex Signal Oscillator MT4 Indicator
Buy Signal: Open a buy trade when the green DSL MACD signal line appears on the chart.
Set your stop loss 1-3 pips below short-term support or nearest consolidation, or use your own favorite stop loss method.
Close the buy trade when the orange DSL MACD signal line pops up on the chart (bearish trend reversal), or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target, for example, 35 pips on the 15-minute chart.
Sell Signal: Open a sell trade when the orange DSL MACD signal line appears on the chart.
Set your stop loss 1-3 pips above short-term resistance or nearest consolidation, or use your own favorite stop loss method.
Close the sell trade when the green DSL MACD signal line pops up on the chart (bullish trend reversal), or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target, for example, 18 pips on the 1-minute chart.
Download This Forex Indicator Now
Download the “dsl-macd-oscillator.ex4” MT4 indicator
Adjustable Parameters
Fast EMA period, slow EMA period, signal period, price, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: MACD
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
