Forex Software

100% FREE – “MAxCD” Forex Indicator

Hi everyone!
Sorry for being away for such a long time but believe me, this time hasn’t gone in vain, I’ve prepared lots of amazing stuff for you. Today we start with a great free indicator that I found really useful and funny to use.

The three Moving Averages Convergence/Divergence indicator for MT4, also known as MAxCD, is a signal oscillator that consists of three moving averages.

The indicator draws 3 colored histogram bars above and below the zero level. One histogram bar represents one moving average.

Basic Trading Signals

Signals from the MAxCD MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Open a buy trade when all 3 histogram bars from the MAxCD indicator are aligned above the zero level.

Place a stop loss 2-3 pips below the most recent support level.

Sell Signal: Open a sell trade when all 3 histogram bars from the MAxCD indicator are aligned below the zero level.

Place a stop loss 2-3 pips above the most recent resistance level.

NOTE: It’s recommended to confirm any buy or sell signal taken from the MAxCD indicator with additional technical indicators or analysis tools for better performance.

Here are some examples of the trades:

P.S. Have problems with installation? Send me an email at olivermurphy@altraforex.com
I would love to help!

P.P.S. Please share this post if you liked the free indicator. 🙂

Oliver Murphy

Hi! My name is Oliver Murphy. I am the Head of ALTRA Group, the team of the most qualified and experienced forex traders and programmers. Our Mission Statement: "Trading Forex Made Easy and Profitable for Everyone"! Join our team today!

4 Comments

  1. So kool ! Very Valuable trading tool. I already Use it on demo and man the Accuracy is unreal! My New Baby on the charts LOl 😆
    I think it works great from my experience!

  2. Thanks for this valuable contribution, I will try it in DEMO to see how it works for me

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