• Overview
  • Reviews (22)
  • Comments (180)
  • What's new

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.

robertmiller83
114
robertmiller83 2020.05.24 23:28 
 

Very Nice.

aJannaDream
35
aJannaDream 2020.05.13 14:12 
 

Good work!

rlaekfdn
91
rlaekfdn 2019.09.03 05:47 
 

great indicator

DANIELJACK
108
DANIELJACK 2019.07.25 18:50 
 

Not much

Josias Mesquita
49
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
204
jquintin 2019.04.15 16:10 
 

Good work! A excellent guide for trade support!

Evgeny Belyaev
158941
Evgeny Belyaev 2019.04.11 09:54 
 

Отличный индикатор. Нестандартный метод.

vinicius marini
48
vinicius marini 2019.03.19 04:13 
 

very handy

Nikolay Gaylis
16101
Nikolay Gaylis 2019.01.07 17:15 
 

User didn't leave any comment to the rating

Yuriy Suslov
378
Yuriy Suslov 2018.10.27 21:28 
 

User didn't leave any comment to the rating

Nurul Furqon Rohmat Syah
170
Nurul Furqon Rohmat Syah 2018.01.21 04:46 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.11.26 19:12 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5698
Daniel Andrejczuk 2017.11.08 12:06 
 

User didn't leave any comment to the rating

Andrey Litvichenko
7621
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

quebralim
2556
quebralim 2016.09.10 17:07 
 

Works well!

Micaela Suter
332
Micaela Suter 2016.07.09 11:57 
 

A must for me!!

Nork
6155
Nork 2016.03.24 12:20 
 

User didn't leave any comment to the rating

vadoos
1440
vadoos 2014.05.15 07:52 
 

найс

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
7827
Vadim Strelkov 2014.03.24 11:10 
 

User didn't leave any comment to the rating

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