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Cronex Impulse MACD

The Cronex Impulse MACD Indicator for MT5 is the best momentum indicator that accurately detects trend reversals and the direction of the market. The Cronex Impulse Macd Indicator MT5 is a great tool for traders who are looking for a reliable and accurate indicator to help them make informed decisions in the Forex market.

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Description

The Cronex Impulse MACD Indicator is a trend analysis tool for the MetaTrader 5 (MT5) platform that shows the trend reversal and direction of the Forex market. It is an optimized version of the traditional MACD indicator developed to identify trading opportunities with better accuracy.

The indicator uses the MACD MA line and the zero line to detect impulsive movement of the price and the potential market direction. It suggests a potential bullish move when the histogram bar of the MACD crosses and remains above the zero line. Similarly, a potential bearish trend is signaled when the histogram bar closes below the zero line.

The signals of the Cronex Impulse MACD indicator are optimized and more accurate than the traditional MACD. Nevertheless, the indicator isn’t insusceptible to false signals. Therefore, price action/other technical indicators should be used to make informed decisions.

Features of the Indicator

The Cronex Impulse MACD indicator for MT4 analyzes the financial market on a separate window below the chart, which enables a clear view of the candlesticks. It can also adjust to different timeframes and market conditions. Lastly, the parameters of the indicator can be modified to suit the trading style of a trader.

Benefits of Using the Indicator

  • Trend Identification: The indicator provides Forex traders with accurate short and mid-term trend direction of the market.
  • Signal Confirmation: This modified version of the MACD indicator provides additional confirmation that filters false signals to identify optimal trading opportunities.
  • Trade Entry Confluence: The indicator can be used as a confluence along with the trading strategy of Forex traders to make objective trading decisions.

Indicator Description Settings

The indicator comes with the following customizable settings:

Period MACD: This defines the period of the MACD

Signal Line Period: This determines the period of the moving average signal line.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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