MACD Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when MACD crosses the zero line or when its main line crosses its signal line.
MACD means Moving Average Convergence and Divergence. MACD indicator is a technical indicator that shows the difference between two moving averages.
You can see the MACD as a histogram chart that shows if two moving averages are getting closer or farther away.
Values farther from zero normally mean a gain of momentum while values closer to zero usually indicate a loss of momentum.
MetaTrader platform includes MACD among its indicators, but it lacks notification features.
In many cases, it is worthwhile to get when MACD's main line is crossing the zero level or when its signal line crosses the main line because they could be trading opportunities.
You can benefit from such alerts in both trend following and trend reversal strategies.
To compensate for this missing feature, you can download our free MACD Alert indicator for MetaTrader.
This indicator allows you to get notification when some conditions trigger. You can receive notifications via:
Another interesting feature of this MACD Alert indicator is that it can draw buy and sell signals as arrows on the chart when some signal appears.
If you are interested in alert indicators, you can use the source code of the present MACD Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select MACD alert conditions to use and how to receive notifications.
To install MT4 MACD Alert Indicator, please follow the instructions below:
For more detailed instructions on how to perform the installation please visit this article.
MACD Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for MACD main line crossing zero or signal line on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
To install the MT5 MACD Alert Indicator please follow the instructions below:
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..