MACD OSMA Metatrader 4 Indicator
MACD OSMA is an oscillator indicator based on one SMA (signal) and two EMA moving averages (cross). The green line closing above the red line gives bullish signal. The red line closing above the green line gives bearish signal. MACD histogram above 0 means bullish trend. MACD histogram below 0 means bearish trend.
BUY: MACD histogram > 0 and green signal line closing above red signal line.
SELL: MACD histogram > 0 and red signal line closing above green signal line.
Use in conjunction with trend analysis tools to determine the primary trend. Don’t use MACD OSMA against the primary trend.
USD/JPY 1 Hour Chart Example