MACD Cross Arrow and Alert Indicator Download for MetaTrader 5 - Free - [Trading Search]

On June 23, 2025, in version 2, the indicator added alert/notification functionality

The MACD Cross Arrow and Alert indicators are part of the MetaTrader 5 indicator family.

It uses Moving Average Convergence Divergence (MACD) to identify swing low and swing high pivots and displays buy signals (longs) with green arrows and sell signals (shorts) with red arrows.

This trading tool helps identify reversal points and future trends.

MACD Cross Arrow and Alert Indicator Table

Buy signal (long position)

The image below shows the GBP/USD currency pair chart on the 30-minute time frame.

The binary indicator detects swing lows in a steady uptrend and issues a buy signal with a green arrow.

Sell ​​signal (short position)

The USD/CAD currency pair chart below shows the 15-minute time frame.

This indicator detects swing highs in a stable downtrend and issues a sell signal with a red arrow.

MACD Cross Arrow and Alert Indicator Settings

• MACD fast EMA period : Select the period of MACD fast exponential moving average (EMA), set to 12
• MACD Slow EMA Period : Select the period of the MACD Slow Exponential Moving Average (EMA) and set it to 26
• MACD SMA Period : Select the period of MACD simple moving average (SMA), set to 9
• MACD Applied Price : Select the MACD price, based on the closing price
• Alert Signal When : Select the conditions for signal alert (set to MACD MAIN AND SIGNAL CROSS)
• Candles for analysis : Select the candle that will be used for analysis (set as current candle)
• MACD Type : Select the MACD type and set it to histogram
• Number of candles to analyze : Select the number of candles to analyze, set to 500

Notification options

• Enable notifications : Set to false (disable notifications)
• Send alert notification : Set to true (enable alert notification)
• Send notifications to mobile phone : Set to false (disable mobile notifications)
• Send notifications via email : Set to false (disables email notifications)

Drawing Options

• Draw Signal Arrows : Set to true (enables signal arrow drawing)
• Buy Arrow Code (Switch) : Set the code for the buy signal arrow to 241
• Sales Arrow Code (Switch) : Set the code for the sell signal arrow to 242
• Arrow size (1-5) (switch) : Set the size of the signal arrow to 3
• Arrow Color Sell (switch) : Set the color of the sell signal arrow
• Buy Arrow Code (Cross) : Set the code for the buy signal arrow to 233
• Sell ​​Arrow Code (Cross) : Set the code for the sell signal arrow to 234
• Arrow size (1-5) (cross) : Set the size of the signal arrow to 2
• Arrow Color Sell (Cross) : Set the color of the sell signal arrow

Conclusion

The MACD Cross indicator is a tool for detecting price reversals and can be used with various indicator trading strategies .

Therefore, it is recommended to combine this trading aid indicator with different analytical methods and use its signals as confirmations.