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  • Reviews (40)
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Tipu MACD

Tipu MACD Oscillator is the modified version of the original MACD Oscillator published by MetaQuotes here.


Features

  • Choose two types of signals (Zero Line Cross, and Main Signal Cross).
  • Choose the type of plot (Histogram, Lines, or Both Lines and Histogram).
  • Customizable Buy/Sell alerts, push alerts, email alerts, and visual on-screen alerts.

Add Tipu Panel (found here) and unlock the following additional features:

  • An easy to use Panel that shows the trend + signal of the selected time frames.
  • Create your own strategy by adding additional Tipu Panel addon indicators.
  • Add premium Tipu Trend indicator and get more out of the MACD signals.
  • Customizable panel. The panel can be moved to any place on the chart or minimized to allow more space.

MACD Oscillator was devised by Gerald Appel in late 1970s. It is a momentum oscillator that is calculated by subtracting the two price moving average calculated on the price. MACD Oscillator is one of the most simplest indicator that provides best of both trend and momentum.


How to Use

Moving Average Convergence/Divergence (MACD), as the name suggests, is about Convergence and Divergence of two moving averages. There are three ways a MACD can be used:

  • Zero Line Cross - MACD zero line cross means the two moving averages cross. For example, when MACD crosses zero line from below, it means that the fast moving average has crossed the slow moving average and has moved up (bullish cross).
  • Signal Line Cross - MACD signal line is the simple moving average of the MACD main line and can help signal early change in the trend. For example, when the MACD main line crosses the signal line from below, it means the moving average trend is moving up. This can be used as a buy signal.
  • Convergence/Divergence - Divergence occurs when the MACD indicator directional movement is not confirmed by the price action. For example, a bullish divergence occurs when EURUSD makes lower low but the MACD indicator makes higher low. This means that EURUSD is losing momentum and a bullish correction is possible.
  • Full description of MACD Oscillator is available here.


Calculation

MACD = EMA(CLOSE, 12)-EMA(CLOSE, 26)

SIGNAL = SMA(MACD, 9)


Parameters

  • Section#1 - MACD Settings, used in Tipu Panel and MACD Plot
    • MACD Mode - display mode for MACD, choose Lines, Histogram, or Lines + Histogram
    • Fast EMA Period - settings for MACD
    • Slow EMA Period - settings for MACD
    • Signal SMA Period - settings for MACD
    • Applied Price - the calculation is applied to this
    • Signal Types
      • Zero line cross - will generate a trade signal when the MACD main line crosses zero line. For example, a buy signal will be generated if MACD main line was below zero at the previous analyzing candle and is above zero in the current analyzing candle
      • Main Signal Cross - will generate a trade signal when the main line crosses the signal line.
    • Mark Buy/Sell Signals - choose Arrow or Vertical Lines or nothing.
    • Arrow offset (pips) - (works only if mark the buy/sell signals = Arrow) select value to offset Arrows from high (if sell), and low (if buy). Increasing Arrow Offset (pips) move arrows away from the high/lows.
    • Buy/Sell Colors - Colors for the marks
  • Section#2 - Multi-Currency Dashboard Settings
    • Enable Dashboard? - select true/false
    • Colors Settings, Sell Trend Background Color, Sell Font Color, Buy Trend Background Color, Buy Font Color
  • Section#3 - Tipu Panel Settings, you need Tipu panel Indicator added to the chart for these settings
    • Enable Tipu Panel - choose true/false
    • Short name for Tipu Panel - this name will appear on Tipu Panel indicator
  • Section#4 - Buy/Sell Global Alert Settings - these settings only affect Tipu Panel and Tipu MACD plot. The alerts for Dashboard are controlled by the settings dialogue of the Dashboard.
    • Alert Shift - candle delay for the signal, enter 1 if you want the alert sent after one candle to be passed.
    • Alert Mobile - select true/false to get a push notification on your device, make sure the device settings are correct here.
    • Alert Onscreen - select true/false to get alerts on the terminal, this alert is shown in a separate window.
    • Alert Email - select true/false to get email alerts, make sure email settings are correct here.
MATT_OG
31
2018.06.12 23:20 
 

Excellent, the only MACD indie you will ever need to use. 5 out of 5.

Harry Gunadi Permana
540
2018.04.26 15:23 
 

User didn't leave any comment to the rating

dayvian85
86
2018.04.17 08:59 
 

nice

Mahmoud Nowishy
454
2018.03.16 15:39 
 

Awesome and handy Indicator

Tim Eubanks
4283
2018.03.13 03:34 
 

Nice indicator and dashboard

yangk23
67
2018.02.06 17:47 
 

This free MACD indicator is amazing. If you want to scalp, combine this indicator with the stochastic.

pandiras
44
2018.02.06 12:04 
 

awesome.. esp in combination with the tipu rsi.. only thing I'd wish for is to store customized settings.. recommended!

fx2616
61
2018.02.03 13:29 
 

good

tariqulalom
152
2018.01.30 11:10 
 

Its a great work.... Just use another filter like mega trend or MA cross over to reject the Bad signal... I am satisfied Brother.. Allah will help you... thanks

volcanic
22
2018.01.30 07:04   

What a great stuffs!

Thank u, Haider.

Evgeny Belyaev
59876
2018.01.17 18:38 
 

Good!

Sergey Zhuravkov
1548
2017.12.08 19:55 
 

мне не подошло

Maksim Neimerik
11401
2017.11.23 13:39 
 

Хороший продукт!

Josue Nauzaya Ngingasa
430
2017.11.23 01:48 
 

Great stuffs

MkVilly
128
2017.10.30 12:15 
 

Just like iMACD, but better.

Andrey Litvichenko
7626
2017.10.29 04:51 
 

User didn't leave any comment to the rating

Jay S
74
2017.10.18 06:36 
 

Although I am still an Amateur at Forex Trading, one thing that I do know is that the MACD in MT4 platform is total garbage. If you know what MACD does, then you know its a powerful tool. You should totally download this if you know what you're doing. 5 Stars because of clarity and the way it is designed. MACD is not a tool you use to tell yourself, "OH ITS TELLING ME TO BUY I SHOULD BUY A TRADE NOW". NO! You simply use your sense and discipline and patience.

philippe germain
566
2017.10.09 09:33 
 

No interest.

xXGambitXx
337
2017.10.04 11:03 
 

User didn't leave any comment to the rating

Mohammad Soubra
34893
2017.09.27 00:30 
 

Good

Ali irwan
5214
2017.07.19 14:51 
 

Top, 5 star for this indicator..

Thank for share

Nikolay Gaylis
8472
2017.06.26 23:50 
 

User didn't leave any comment to the rating

pnutfx503
1172
2017.05.31 08:57 
 

best free macd

Vyacheslav Korolev
14765
2017.05.05 13:57 
 

nice

Ashraf Yassin
308
2017.04.29 22:47 
 

nice great MACD

Cristian Correa
43
2017.04.25 20:21 
 

Thank you Kaleem, excelent indicator!

Mihai67
147
2017.04.22 16:18 
 

Exelent!! Good job !!!

samsurie
86
2017.04.09 18:22 
 

exelent!!

FANofM5
224
2017.03.26 18:41 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
12026
2017.03.26 17:00 
 

good

andreas73
398
2017.03.06 16:59 
 

perfect MACD-Indicator.

The only thing, it lacks divergence, but that is better to see right in chart.

andi.difre
20
2017.02.21 23:03 
 

bad

Nuri Doganay
152
2017.02.09 13:20 
 

Süper. Tüm Tipu mükemmel.

Thank you for your effort, Kaleem Haider

Manufacturer's note; "the panel does not appear automatically, you have to install another indicator called "Tipu Panel". This panel combines all my indicators together. Once you have Tipu Panel added, you will start setting multi-timeframe information for MACD and other Tipu indicators added to the chart. Please let me know if you have trouble getting the panel"

Mauro Giuseppe Tondo
1480
2017.02.02 20:14 
 

perfect

docbeekay
39
2017.01.28 16:05 
 

Great product. Thanks

Domenico De Sandro
249
2016.11.09 17:01 
 

Perfect!!!!

Zentrader2015
618
2016.09.24 09:36 
 

solid indicator and great assistance from Kaleem

Nesho Marinov
962
2016.09.21 15:32 
 

First test - very good, used as supporting indicator for entry in the direction on the main trend. Great job.

Maksym Mudrakov
15684
2016.08.30 11:56 
 

User didn't leave any comment to the rating

omega6
310
2016.08.09 21:12 
 

Wow Kaleem ! Brillant idea.

Version 2.20 - 2018.03.06
Added total column
Added reset button in settings to reset to default settings
Fixed alerts
Fixed problem with saving symbols
Version 2.10 - 2018.02.06
Fixed dashboard crash possibly caused by other indicators, the dashboard is based on objects and deleting "all" object from other indicators can cause dashboard to crash
Version 2.0 - 2018.01.29
New in version 2.0
Introducing 28 symbols, all time frames dashboard, control settings from the dashboard
Compatible with Tipu Panel v2.0, added support for monthly time frame on tipu panel
Version 1.30 - 2017.06.26
Fixed problem with buy/sell alerts. Added option to enable/disable buy, and sell alerts.
Version 1.20 - 2017.01.24
Added option to offset Arrows from high (if sell), and low (if buy). Increasing Arrow Offset (pips) move arrows away from the high/lows.
Version 1.10 - 2016.09.28
Fixed problem with updating arrow.
Fixed zero line cross arrow and alerts.