MACD with Alert Indicator for MetaTrader 4

MACD with Alert extends the standard MACD indicator in MetaTrader 4 with a notification system. The MACD is one of the most widely used tools for measuring momentum and detecting trend changes through the crossover of its lines.

How to use it

It sends alerts when the main MACD line crosses the zero level or when it crosses its signal line. It draws arrows on the chart to mark potential opportunities, both in trend following and mean reversion strategies.

Main parameters

• Alert conditions: which crossover to monitor.
• Notification method and trigger timing (current or previous candle).
• Display as histogram or line.

File contents: package ready to install in MetaTrader 4.

View the original indicator documentation on EarnForex (Apache-2.0 license)