Fratelli MACD Metatrader 4 Indicator
The Fratelli MACD MT4 indicator is based on the very popular MACD (Moving Average Convergence-Divergence) indicator. The indicator signals trend strength and trend weakness. Green dots above the zero line generally mean trend strength while purple dots below the zero line indicate trend weakness. Works on any currency pair.
BUY: Buy at the first green dot.
SELL: Sell at the first purple dot.
Use in conjunction with other technical tools such as trend lines and support/resistance levels.
EUR/USD 1 Hour Chart Example