• Overview
  • Reviews (56)
  • Comments (228)
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Traditional MACD

The MACD indicator in MetaTrader 4/5 looks different than the MACD indicator in most other charting software. That's because the MetaTrader 4/5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. Additionally, the MetaTrader 4/5 version computes the Signal line using an SMA whereas according to MACD definition it's supposed to be an EMA. The MetaTrader 4/5 version also does not compute a true MACD Histogram (the difference between the MACD/Signal lines), this can be confusing for people new to MetaTrader 4/5 since the MACD line is displayed as a histogram.

This indicator displays MACD as it was defined by it's creator (Gerald Appel) and how it appears in other charting software. The MACD line is computed as the difference between a "fast" EMA and a "slow" EMA. The Signal line is an EMA of the MACD line. The MACD Histogram is the difference between the MACD/Signal lines (the MACD Histogram by itself can be used reliably for divergence signals).

T/F switches enable you to display/hide the MACD/Signal lines and the MACD Histogram.

Reviews 56
Jose García
110
Jose García 2021.05.13 18:49 
 

The very best indicator in the whole MQL, manny thanks tio the developer, incredible how it can be congifured and the divergences it shows in D1 and above timeframes are unsanely accurate

tosch093456
14
tosch093456 2021.05.08 13:07 
 

Very much satisfied with the traditional MACD with even the Divergence and hidden Divergence built in. Very grateful for this FREE offer from the author !!

lopes_atc
14
lopes_atc 2021.05.04 18:15 
 

Muito bom indicador.

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Filter:
Hashem Nazari
125
Hashem Nazari 2021.05.13 19:20 
 

tnx

Jose García
110
Jose García 2021.05.13 18:49 
 

The very best indicator in the whole MQL, manny thanks tio the developer, incredible how it can be congifured and the divergences it shows in D1 and above timeframes are unsanely accurate

tosch093456
14
tosch093456 2021.05.08 13:07 
 

Very much satisfied with the traditional MACD with even the Divergence and hidden Divergence built in. Very grateful for this FREE offer from the author !!

lopes_atc
14
lopes_atc 2021.05.04 18:15 
 

Muito bom indicador.

Саша Синков
1100
Саша Синков 2021.04.26 08:54 
 

Пркрасно!!! У меня редкий инструмент..

Miguel Ainsa
18
Miguel Ainsa 2021.04.25 20:44 
 

Llevo utilizándolo en "demo" junto con otro indicador y de momento me parece aceptable. Tendré mas opinión cuando tenga mas experiencia.

Taku Mori
16
Taku Mori 2021.04.25 14:28 
 

I find it very useful.

gilbho
34
gilbho 2021.04.22 16:53 
 

MACD is already the indicator for ref. Then, I do not yet have the experience to appreciate it at its proper level.

Ricardo Amaral
20
Ricardo Amaral 2021.04.21 16:09 
 

Sensacional para divergências. Depois de uns 6 meses expirou e instalei novamente.

tradeblob
34
tradeblob 2021.04.16 13:59 
 

Very useful although using all the features can slow down your platform. Thank you for your effort.

1.1.1
14
1.1.1 2021.04.14 06:27 
 

上面标的是双线,打开安装以后就是单线

639746
29
639746 2021.04.06 02:01 
 

i have been learning how it work's, but so far so good.by n by i believe it'll lift me to the next level,many of my friends wonder how the strategy work's and atleast they've got idea through how they see me do...thanks n be blessed.

Almir71rus
14
Almir71rus 2021.04.03 07:49 
 

Good.

Dar Barro
88
Dar Barro 2021.03.19 19:11 
 

very useful.. thank you

Fernando Alonso
184
Fernando Alonso 2021.03.15 23:40 
 

Good!!!!!!

buanafijara
16
buanafijara 2021.03.15 05:03 
 

calculation of the code of this indicator is so slow

Rosmerdaniel
34
Rosmerdaniel 2021.03.14 17:33 
 

Buena herramienta para confirmar entradas

ismailforex
14
ismailforex 2021.03.10 14:53 
 

Perfect

NEJAT TASEL
31
NEJAT TASEL 2021.03.02 07:11 
 

süper indicator only too difficult to refresh grafic that is why i deleted.. i hope result the problem. by created. thank you...

Ayeni Joseph Wonderful
249
Ayeni Joseph Wonderful 2021.02.26 17:00 
 

Thank you for making this available to mt5 users. And also making it free! You are the best!

Fedor Arkhipov
61531
Fedor Arkhipov 2021.02.11 10:26 
 

Excellent indicator!

peymon hoseini
30
peymon hoseini 2021.01.17 17:00 
 

This is really great. Thanks for sharing this

Daniel Pereira
18
Daniel Pereira 2021.01.08 02:02 
 

ESTE E BOM

Infinito Maye
38
Infinito Maye 2020.12.28 16:59 
 

Wow This indicator is the best I ever came across. Can't believe how i skyrocketed from $1,500 to $4,800 in 24 hours. Best ever for scalping. Thanks bro

gcarrasco99
44
gcarrasco99 2020.11.19 16:44 
 

Muy buen indicador. Entrega mucha información. Algo lento para cargarse, pero eso es todo. Sería bueno que hicieran un video explicando sus principales funciones. Yo por ejemplo pongo SL con parabolic sar o alguna otra opción, pero solo le ejecuta la primera vez y luego no lo sigue haciendo de forma automática.

shagirlshagirls
14
shagirlshagirls 2020.10.26 19:41 
 

色違いのカラーで転換点が分かり易いし、ダイバージェンシーも確認できて良いと思います。

Jose San Martin
105
Jose San Martin 2020.10.15 18:02 
 

This indicator is one of the best tool for trading, thanks so much for the great job this make my work easier Well done

mottotrade
26
mottotrade 2020.10.14 09:08 
 

Funktioniert, aber frisst Ressourcen ohne Ende. Der Standard MACD im MT5 ist wesentlich effizienter programmiert. Ich nutze diesen MACD nicht mehr.

verenafreire
67
verenafreire 2020.09.06 04:13 
 

Very good indicator, especially because shows divergence on the graph and on the indicator window. congratulations

Mushabab Al-Murayeh
79
Mushabab Al-Murayeh 2020.08.17 08:01 
 

Thank you for this smart thinking! Would you please send me the version for MT5 (Tradicional MACD.mq5) ? email: malmurayeh@gmail.com Cheers :)

Ajibade Adeniran
22
Ajibade Adeniran 2020.08.06 01:02 
 

I'm so glad I stumbled upon this MACD Indicator. One of my best indicators. Thanks Daniel for sharing this great work!

Valentin Butorin
3974
Valentin Butorin 2020.07.23 15:08 
 

User didn't leave any comment to the rating

Detleff Böhmer
1333
Detleff Böhmer 2020.06.05 16:40 
 

Sehr gute Arbeit, ein guter Indikator.

Superfish60
22
Superfish60 2020.05.31 12:46 
 

Great indicator. Thanks!

robertmiller83
114
robertmiller83 2020.05.24 23:28 
 

Very Nice.

aJannaDream
37
aJannaDream 2020.05.13 14:12 
 

Good work!

rlaekfdn
90
rlaekfdn 2019.09.03 05:47 
 

great indicator

DANIELJACK
107
DANIELJACK 2019.07.25 18:50 
 

Not much

Josias Mesquita
40
Josias Mesquita 2019.06.14 18:45 
 

Ele deixa o gráfico pesado e demorar pra atualizar na mudança de tempo. Mas é um ótimo indicador! Utilizei em operações de Mini Índice(WINQ19) com bons resultados.

jquintin
234
jquintin 2019.04.15 16:10 
 

Good work! A excellent guide for trade support!

Evgeny Belyaev
299137
Evgeny Belyaev 2019.04.11 09:54 
 

Отличный индикатор. Нестандартный метод.

vinicius marini
46
vinicius marini 2019.03.19 04:13 
 

very handy

[Deleted] 2019.01.07 17:15 
 

User didn't leave any comment to the rating

Yuriy Suslov
381
Yuriy Suslov 2018.10.27 21:28 
 

User didn't leave any comment to the rating

Nurul Furqon Rohmat Syah
187
Nurul Furqon Rohmat Syah 2018.01.21 04:46 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
11927
Gennadiy Voltornist 2017.11.26 19:12 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5630
Daniel Andrejczuk 2017.11.08 12:06 
 

User didn't leave any comment to the rating

Andrey Litvichenko
7669
Andrey Litvichenko 2017.10.15 17:52 
 

User didn't leave any comment to the rating

Ali irwan
5136
Ali irwan 2017.07.20 11:54 
 

User didn't leave any comment to the rating

SidneyFX
34
SidneyFX 2017.06.28 22:29 
 

User didn't leave any comment to the rating

[Deleted] 2016.09.10 17:07 
 

User didn't leave any comment to the rating

Micaela Suter
332
Micaela Suter 2016.07.09 11:57 
 

A must for me!!

Nork
6198
Nork 2016.03.24 12:20 
 

User didn't leave any comment to the rating

[Deleted] 2014.05.15 07:52 
 

User didn't leave any comment to the rating

Matt Johnson
73
Matt Johnson 2014.04.14 21:47 
 

Absolutely one of my favorite indicators! This is one of the best tools for determining a pivot point.

Vadim Strelkov
7809
Vadim Strelkov 2014.03.24 11:10 
 

User didn't leave any comment to the rating

Reply to review
Version 1.3 2015.11.25
- Corrected calculation bug that could cause slight re-painting of recent values.
= Corrected calculation bug of max/min indicator values when MACD/Signal lines and Histogram both displayed.
Version 1.2 2015.07.22
Added Classic and Hidden MACD Histogram divergence. Divergence occurs when there's a discrepancy between price movement and indicator movement. Classic Bullish divergence occurs when price makes lower lows yet the histogram makes higher lows (when histogram is below 0). Classic Bearish divergence occurs when price makes higher highs yet the histogram makes lower highs (when histogram is above 0). Hidden Bullish divergence occurs when price makes higher lows yet the histogram makes lower lows (when histogram is below 0). Hidden Bearish divergence occurs when price makes lower highs yet the histogram makes higher highs (when histogram is above 0). In order to have a true divergence, the histogram must twice cross the zero line (e.g. must rise above 0 and then fall below 0 for a bullish divergence).

T/F user inputs have been added to enable these new features. There are also new user inputs to control the line color and width of the divergence lines that are placed on the chart.
Version 1.1 2014.06.13
Color-coded MACD Histogram