Introducing the MACD osMA Forex Trading Indicator. This indicator is a complete package on its own because it contains all the information a trader needs to make informed trading decisions. MACD osMA can be extremely profitable if all the rules are followed correctly and with discipline. The rules are fairly easy to follow, which makes the remaining part of making it work dependent on the trader that is using it. MACD osMA is categorized as a trend following indicator and can be used by beginners and as well as experienced traders. The indicator might perform poorly on sideways markets so it is very important that the trader is able to define the trend.
When you Install MACD osMA, Your MT4 platform should look like this;
MACD osMA is a customized moving average with some arrows in it. When the market is trending up, this indicator turns purple, when the market is trending down, the color changes to red. The white arrows signal the potential for a bullish move and the red arrows indicate a possible down move.
Buying Conditions Using MACDosMA.
- The market should be up trending.
- The market should be bouncing from the recent support.
- MACDosMA should be purple.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the MACDosMA turns red.
Selling Conditions Using MACDosMA indicator.
- The market should be down trending.
- The market should be falling from the recent resistance.
- MACDosMA should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the MACDosMA turns purple.
Download Free Forex MACD osMA Indicator
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