Free

The Cronex Impulse MACD Indicator for MetaTrader 5 (MT5) is an upgraded version of the traditional MACD, designed to provide more accurate insights into market direction, momentum, and trading opportunities. By using a double filter system, it helps traders identify bullish and bearish setups with greater precision.

How It Works

Filter 1 – Moving Average Line: Smooths out price movements and highlights the overall trend direction.
Filter 2 – Histogram Bars: Measures the difference between the MACD line and the signal line, showing momentum changes.
Bullish Signal: MACD MA line crosses above zero and histogram bars close above the MA line.
Bearish Signal: MACD MA line crosses below zero and histogram bars close below the MA line.

Trading Signals

Buy Setup: When the MACD MA line is above zero and histogram bars confirm upward momentum.
Sell Setup: When the MACD MA line is below zero and histogram bars confirm downward momentum.
Trend Reversal: Histogram bars crossing above or below the signal line indicate potential shifts in momentum.

Example: AUD/USD Chart

On the AUD/USD chart, the Cronex Impulse MACD showed bearish momentum when bars closed below the zero line. Price Action confirmed the signal by breaking below consolidation, providing a valid sell entry. Later, bars closing above the signal line suggested weakening bearish momentum.

Key Features

Double Filter System: Combines moving averages and histogram bars for stronger signals.
Momentum Detection: Identifies shifts in buying and selling pressure.
Beginner-Friendly: Easy to interpret, yet powerful enough for advanced traders.
Best on Higher Timeframes: More reliable signals when applied to H4 and above.
Confluence Tool: Works well with RSI and Stochastic oscillators for confirmation.

Conclusion

The Cronex Impulse MACD Indicator for MT5 is a versatile momentum tool that enhances the traditional MACD with improved accuracy. Free to download, it’s suitable for traders of all levels and works best when combined with other technical indicators.