
In the fall of 1986, Tom Aspray completed work on a new indicator: the MACD Histogram/Momentum. The MACD, or Convergence/Divergence, is an excellent indicator, but its signals often lag when run on weekly data. Convergence/Divergence was developed by Gerald Appel, who has created many excellent technical tools.
Tom first presented his work on the MACD at a CompuTrac conference in 1984. At that time, very few analysts were aware of it, much less using it on the commodity markets. Now it is a widely used technical tool.
Tom did some work on optimizing the MACD by testing various combinations of inputs for the three exponential moving averages. Then, by altering the moving average variables, the results are dramatically different.
For example, the default for silver ( 12 days, 26 days and 9-period exponential average of the difference) were not always profitable, while the (10, 20, 9) combination was profitable 54% of the time, with an average profit of 67.5 points and an average loss of only 34 points.
After studying and using MACD for almost five years, Tom felt that, besides optimization, a method of anticipating crossovers would be a distinct advantage. After looking at (and testing) several alternatives, he found that by running a 10-day momentum (with 3-day smoothing) of the MACD in histogram form (MACD-H), the results were quite good."
so, your'e talking about "MACD"
you have it under \\MQL4\Indicators
(in the terminal you can find it under "Custom Indicators" ---> MACD)
my metatrader not have that indicator.
Show me difference between two indicator upload photo.
do it yourself very easy
MACD Line: (12-day EMA - 26-day EMA) Signal Line: 9-day EMA of MACD Line MACD Histogram: MACD Line - Signal Line
//+------------------------------------------------------------------+ //| Custom MACD.mq4 | //| Copyright 2005-2014, MetaQuotes Software Corp. | //| https://www.mql4.com | //+------------------------------------------------------------------+ #property copyright "2005-2014, MetaQuotes Software Corp." #property link "https://www.mql4.com" #property description "Moving Averages Convergence/Divergence" #property strict #include <MovingAverages.mqh> //--- indicator settings #property indicator_separate_window #property indicator_buffers 2 #property indicator_color1 Silver #property indicator_color2 Red #property indicator_width1 2 //--- indicator parameters input int InpFastEMA=12; // Fast EMA Period input int InpSlowEMA=26; // Slow EMA Period input int InpSignalSMA=9; // Signal SMA Period //--- indicator buffers double ExtMacdBuffer[]; double ExtSignalBuffer[]; //--- right input parameters flag bool ExtParameters=false; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int OnInit(void) { IndicatorDigits(Digits+1); //--- drawing settings SetIndexStyle(0,DRAW_HISTOGRAM); SetIndexStyle(1,DRAW_LINE); SetIndexDrawBegin(1,InpSignalSMA); //--- indicator buffers mapping SetIndexBuffer(0,ExtMacdBuffer); SetIndexBuffer(1,ExtSignalBuffer); //--- name for DataWindow and indicator subwindow label IndicatorShortName("MACD("+IntegerToString(InpFastEMA)+","+IntegerToString(InpSlowEMA)+","+IntegerToString(InpSignalSMA)+")"); SetIndexLabel(0,"MACD"); SetIndexLabel(1,"Signal"); //--- check for input parameters if(InpFastEMA<=1 || InpSlowEMA<=1 || InpSignalSMA<=1 || InpFastEMA>=InpSlowEMA) { Print("Wrong input parameters"); ExtParameters=false; return(INIT_FAILED); } else ExtParameters=true; //--- initialization done return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Moving Averages Convergence/Divergence | //+------------------------------------------------------------------+ int OnCalculate (const int rates_total, const int prev_calculated, const datetime& time[], const double& open[], const double& high[], const double& low[], const double& close[], const long& tick_volume[], const long& volume[], const int& spread[]) { int i,limit; //--- if(rates_total<=InpSignalSMA || !ExtParameters) return(0); //--- last counted bar will be recounted limit=rates_total-prev_calculated; if(prev_calculated>0) limit++; //--- macd counted in the 1-st buffer for(i=0; i<limit; i++) ExtMacdBuffer[i]=iMA(NULL,0,InpFastEMA,0,MODE_EMA,PRICE_CLOSE,i)- iMA(NULL,0,InpSlowEMA,0,MODE_EMA,PRICE_CLOSE,i); //--- signal line counted in the 2-nd buffer SimpleMAOnBuffer(rates_total,prev_calculated,0,InpSignalSMA,ExtMacdBuffer,ExtSignalBuffer); //--- done return(rates_total); } //+------------------------------------------------------------------+
then may you share this codes?

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hi friends
I looking for macd aspray indicator but i can't found that indicator setup or code.
if you have macd aspray code or setup please share us.?