The MACD On Chart Indicator is a popular and free Forex indicator for the MT4 platform. It is a useful tool that helps traders identify potential market trends and provides insight into the momentum of the market. The indicator is based on the Moving Average Convergence Divergence (MACD) indicator, which is a trend-following momentum indicator. The indicator also provides an alert when the MACD line crosses the signal line, which can be used to signal potential market entry and exit points. The MACD On Chart Indicator is easy to use and can be a great addition to any trader’s toolbox.