Color MACD With EMA MT5 Indicator
MACD line oscillates around the zero level. In the forex market, it is important to have the best tools in your arsenal. Watching the price action is very important to understand how the pairs are moving and where they are heading to. MACD is designed for that purpose. When the price starts getting distant from the moving average, you will see that the pair is trending. If the lines move around the zero level, that means the pair going flat.
Remember that when you change time frames, you may want to change the variables as well because different time frames require different analysis.
How to Trade With Color MACD EMA:
Buy Signal: Wait for Color MACD EMA bar to turn to green.
Sell Signal: Wait for Color MACD EMA bar to turn to red.