MQL5 ReferenceStandard LibraryStrategy ModulesModules of Trade SignalsSignals of the Oscillator MACD

Signals of the Oscillator MACD

This module of signals is based on the market models of the oscillator MACD. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.

Conditions of Generation of Signals

Below you can find the description of conditions when the module passes a signal to an Expert Advisor.

Signal Type	Description of Conditions
For buying	Reverse — the oscillator turned upwards (the oscillator rises at the analyzed bar and falls at the previous one). Crossover of the main and signal line — the main line is above the signal line at the analyzed bar and below the signal line at the previous one. Crossing the zero level — the main line is above the zero level at the analyzed bar and below the zero level at the previous one. Divergence — the first analyzed bottom of the oscillator is higher than the previous one, and the corresponding price bottom is lower than the previous one. Double divergence — the oscillator forms three consequent bottoms, each of them is higher than the previous one; and the price formed three corresponding bottoms, and each of them is lower than the previous one.
For selling	Reverse — the oscillator turned downwards (the oscillator falls at the analyzed bar and rises at the previous one). Crossover of the main and signal line — the main line is below the signal line at the analyzed bar and above the signal line at the previous one. Crossing the zero level — the main line is below the zero level at the analyzed bar and above the zero level at the previous one. Divergence — the first analyzed peak of the oscillator is lower than the previous one, and the corresponding price peak is higher than the previous peak. Double divergence — the oscillator formed three consequent peaks, each of them is lower than the previous one; and the price formed three corresponding peaks, each of them is higher than the previous one.
No objections to buying	Value of the oscillator grows at the analyzed bar.
No objections to selling	Value of the oscillator falls at the analyzed bar.

Note

Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).

Adjustable Parameters

This module has the following adjustable parameters:

Parameter	Description
Weight	Weight of signal of the module in the interval 0 to 1.
PeriodFast	Period of calculation of the fast EMA.
PeriodSlow	Period of calculation of the slow EMA.
PeriodSignal	Period of smoothing.
Applied	A price series used for calculation of the oscillator.

Signals of the Intraday Time Filter

Signals of the Indicator Moving Average