Indicators: BB MACD Extended

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BB MACD Extended:

BB MACD is a MACD (Moving Average Convergence Divergence) indicator variation with an addition of Bollinger Bands, which helps in detecting trend change points and measuring current trend's strength.

The indicator is separated into three parts:

  • The "line" part which is the colored MACD value.
  • The "channel" part which is the Bollinger Bands drawn that way to make it easier to spot the changes of MACD within the channel.
  • The "early levels" part which is the Bollinger Bands using smaller deviations multiplication for early assessment of MACD trend change.

Author: Mladen Rakic

 

Hi Sir,

I'm finding that your code was very interesting for me...Thank you for sharing such a great code here.

I'm trying to convert your code to MT4 version but i failed, the result was not the same as on your MT5 version,

Could you give me some guide for the problem Sir.

Thanks A Lot


I put the rest of the code into comment mode (MT4), just activating the "MACD" Val[i] calculation line

I put all the rest of the code into comment mode just activate the val[i] calculation line

this is Yours on MT5

this is yours on MT5



turn off the MACD and Signal color


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