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MACD Signal indicator

5

This is a trend-following indicator based on MACD, providing buy signals when above the 200 MA and sell signals when below it.

The signal is generated when MACD crosses the zero line. The indicator also displays a support and resistance level that can be used as a stop loss. Adjustable parameters include MA period, MACD fast EMA, slow EMA, and the support-resistance interval. It plots on the recent candles' lowest and highest points.

Default settings:

  • SR interval: 10 
  • MA period: 200 
  • Fast EMA: 24
  • Slow EMA: 26
  • It also includes an alarm function.

Modifying these values can result in more or less frequent signals, it's recommended to test to determine the most effective configuration.

1 or 4 hour time frames are recommended, but can work on any time frame. This indicator works on all trading instruments including Forex, Stocks, Commodities etc.

Check out my other products as well: https://www.mql5.com/en/users/8587359/seller


Reviews 2
Evgeny Belyaev
87639
Evgeny Belyaev 2023.12.30 15:12 
 

Great!

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Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are 2 CORE features in the indicator and 4 additiona
Up Down v6
Guner Koca
4.67 (9)
up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is down signal.and price probably will go up. when the signals not seen press + button on terminal . too see weekly chart because of low data on chart ,it needs to lower p
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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[Deleted] 2024.01.06 19:40 
 

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Evgeny Belyaev
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Evgeny Belyaev 2023.12.30 15:12 
 

Great!

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Version 1.1 2023.12.29
The update includes an alert feature with Send Email, Audible Alerts, and Push Notifications.