MACD Top Bottom trading indicator for MetaTrader 5
MACD Top Bottom trading indicator - it's a modification MACD oscillatorThe "Levels" option is designed for the MetaTrader 5 trading terminal.
The MACD Top Bottom indicator displays horizontal levels on the price chart:
- at the High price of the current bar - if the MACD is above the zero level and the current histogram bar is higher than the previous one;
- at the Low price of the current bar - if the MACD is below the zero level and the current histogram bar is lower than the previous one.
The MACD Top Bottom indicator signals can be used as follows:
- the price broke through the previous level upwards - buy entry;
- the price broke through the previous level downwards - entry to sell.
MACD Top Bottom trading indicator for MetaTrader 5 - This is a very effective and curious way of interpreting the MACD, which can bring tangible profits if used correctly.
Download MACD Top Bottom indicator for MT5