MACD Custom Histogram

Free until ...


The MACD Indicator is a MetaTrader 5 tool that helps traders analyze market trends and momentum. It shows three components in a separate window below the price chart: the MACD Line, Signal Line, and Histogram.

What It Shows:

  • MACD Line (Blue): Tracks the difference between a fast and slow moving average.
  • Signal Line (Orange): A smoothed average of the MACD Line.
  • Histogram (Bars): Shows the gap between MACD and Signal Lines with colors:
    • Dark Green: Rising momentum above zero.
    • Light Green: Falling momentum above zero.
    • Pink: Rising momentum below zero.
    • Red: Falling momentum below zero.
Input:
  •  Fast Length
  •  Slow Length
  •  Signal Smoothing
  •  Source
  •  Oscillator MA Type {EMA or SMA};
  •  Signal Line MA Type {EMA or SMA};


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