The Cronex Impulse MACD indicator is a reliable tool for generating buy and sell signals in Metatrader 5.
It utilizes the MACD and Cronex Impulse trading methods to provide accurate trading signals.
The indicator is effective for various trading styles, including scalping, day trading, and swing trading.
Understanding this technical buy/sell signals tool:
- A bullish trend is indicated by the appearance of blue Cronex Impulse MACD bars above 0.
- A bearish trend is indicated by the appearance of pink Cronex Impulse MACD bars below 0.
The following indicator inputs and parameters can be modified: MACD averaging period, signal line period, style, and colors.
The Cronex Impulse MACD indicator does not repaint the colored histogram bars, ensuring the accuracy of the displayed signals.
Make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.
It supports all time frames and Forex pairs.
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cronex_impulse_macd.mq5 Indicator (MT5)
Chart Example
The picture below illustrates how the Cronex Impulse MACD Forex indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Cronex Impulse MACD Indicator?
Find a simple trading strategy below:
Buy Signal
- The appearance of the blue colored Cronex Impulse MACD bar above 0 generates a buy signal.
- Initiate a buy market order and place a stop order below the previous swing low area.
- Exit the buy position for a predetermined pips target.
- Optional: close and reverse the buy trade when the first violet colored bar below 0 appears on the chart.
Sell Signal
- The appearance of the pink colored Cronex Impulse MACD bar below 0 generates a sell signal.
- Initiate a sell transaction and place a stop order above the previous swing high area.
- Exit the sell position for a predetermined pips profit target.
- Optional: close and reverse the sell trade when the first blue colored bar above 0 appears on the chart.
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cronex_impulse_macd.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the cronex_impulse_macd.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration