MACD Tape Indicator is a short-term forex trading tool which is able to detect the market trends and signals for the trades at the same time.
MACD Tape Indicator is applicable to trade all kinds of forex currency pairs around the financial market.
MACD Tape: Rules for Long Entry
• The Indicator turns white carrying the positive value
• An upward arrow appears below the price bar
• Set stop loss below the signaling arrow
• Exit long/take profit whenever the indicator turns red
MACD Tape: Rules for Short Entry
• The indicator turns red carrying the negative value
• A downward arrow appears above the price bar
• Set stop loss above the signaling arrow
• Exit short/take profit whenever the indicator turns white