Both macd and EMA are the best indicators to identify trend and trend reversals.
How does an impulsive signal indicator work?
When moving average crossover and macd crossover happen then this indicator generates the signal.
This indicator works in a separate window where it shows the buy or sell signals in the form of bars. The bars of the mt4 indicator consists of three different colors.
Red bar color in impulse signal indicator is used to indicate that buyers are controlling the market and the market is bullish. Green bar color is used to represent the bearish trend and the momentum of sellers. The Blue bar color indicates that the market is moving sideways on the chart. The trend is neither bullish nor bearish. Price is ranging sideways.
How does impulse signal indicator generate signals?
When the bar color of indicators turns green then it is a buy signal. Place buy order just after green bar signal and hold the trade until the color changes from green to red or blue. Then exit the trade.
When the bar color of the impulse indicator turns red then it is a sell signal. Place a sell order just after the confirmation and keep on holding the trade until the color changes from red to green or blue. Sometimes you will get huge profits by following this strategy.
When the bar color changes to blue then it is a signal to stay away from trading. Because the market is in the ranging period. Many false signals are generated during the ranging periods that’s why you should avoid trading until a new trend starts in the form of green or red bar color in the indicators window.
The bottom line
Impulse signal indicator will provide alerts before a market starts an impulsive wave. Trading impulsive waves will generate huge profits because of large market movements in short intervals of time.
You can also increase the probability of this indicator by using it with other confluences of the trend to make it more accurate.Download indicator