Leader of the MACD Indicator For MT5

Leader of the MACD Indicator For MT5

Table Of Contents:

  1. Leader of the MACD Indicator For MT5
  2. Regular Bearish Divergences With The Leader of the MACD Indicator For MT5
  3. Regular Bullish Divergences With The Leader of the MACD Indicator For MT5
  4. Using Support Zones With The Leader of the MACD Indicator For MT5
  5. Using Resistance Zones With The Leader of the MACD Indicator For MT5
  6. Leader of the MACD Indicator For MT5 - Conclusion

The Leader of the MACD Indicator For MT5 is a variation of the famous MACD indicator that uses colors to show if the MACD values are increasing or decreasing.

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Alerts In Real-Time When Divergences Occur

The Leader of the MACD Indicator For MT5 can be used similar to the original MACD. It can show you the direction of the trend and it can even show you regular divergences which are high probability reversal signals.

We will now examine some professional ways to use this very valuable indicator to give an advantage over the market.

Regular Bearish Divergences With The Leader of the MACD Indicator For MT5


As you probably know, regular divergences are spotting the exhaustion of a trend. This means that the speed of the trend is slowing down and but the price is still moving in the direction of the trend.

In case of a bearish regular divergence the Leader of the MACD Indicator For MT5 will show you a lower high (lower than the previous high shown by the indicator) while the price at the same time makes a higher high.

Such a situation is usually a strong sign that the preceding upward trend is ready to collapse soon. The following screenshot shows such a situation:



As highlighted in the screenshot above, the indicator can also give you an entry signal. You can wait until the value of the Leader of the MACD Indicator For MT5 drops below the 0 line and enter a sell trade. Then you have a confirmation that the bearish divergence has started to play out.

Regular Bullish Divergences With The Leader of the MACD Indicator For MT5


Bullish regular divergences can be spotted too with the same procedure but into the opposite direction. During a matured downward trend the slowing down of the trend will be indicated by a higher low on the indicator while the price makes a lower low.

In such a situation be prepared to wait for the buy signal. The buy signals is delivered when the value of the indicator crosses the 0 line from below to the upside. Now you can enter a buy trade.

The following chart shows such a buy trade setup:



There are many other ways to use this indicator in conjunction with good trading knowledge to give you an edge over the market. We will now examine how you can use support and resistance zones.

Using Support Zones With The Leader of the MACD Indicator For MT5


Big winners can be achieved when you spot strong support zones, then you need to wait for the price to approach this zone. If the price gets rejected heavily from that zone, then you can use the indicator to trigger a buy signal.

In the following screenshot you can see such a situation where the price dives into the support zone and gets rejected to the upside:



During the rejection to the upside you wait for the value of the indicator to cross the 0 level to the upside. In that moment you can open a buy trade and place the stop loss below the recent lowest low.

Such trades can produce big winners as you can see in the following screenshot:



Using Resistance Zones With The Leader of the MACD Indicator For MT5


The same tactics can be applied if you want to use resistance levels to produce big winning trades on a regular basis.

You need to spot a resistance level. Then you wait until the price moves upward into that resistance zone. Here is an example of such a situation:



Then you wait and watch if the price gets strongly rejected downwards. If the rejection is strong, then you use the crossing of the indicator value below the 0 level as an entry signal. The following screenshot shows the entry signal for the sell trade:



You can place your stop loss directly at or slightly above the recent high. The winners can get quiet big because you use a special market situation which gives you an edge.

Leader of the MACD Indicator For MT5 - Conclusion


Experienced traders will be able to use the indicator in many additional ways. The indicator can also show you hidden divergences which are most of the time trend continuation signals.

Independent of the usage of the indicator and your trading style, it is always a good advice that you never risk more than 2% of your capital per trade with any trading strategy.

 

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