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Indicators

MACD Signal Line indicator for MT5 - indicator for MetaTrader 5

Ryan L Johnson
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The signal line of the MACD (Moving Average Convergence/Divergence) indicator is often used as a momentum filter in auto trading algorithms.

  • Enable buy logic only when the signal line is above the 0 level and the last "bar" of the signal line closes higher than the previous "bar" of the signal line (this inherently includes upward level crossovers).
  • Enable sell logic only when the signal line is below the 0 level and the last "bar" of the signal line closes lower than the previous "bar" of the signal line (this inherently includes downward level crossovers).
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