This is really great. Thanks for sharing this
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.


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

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

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.

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

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

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

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

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

Absolutely one of my favorite indicators! This is one of the best tools for determining a pivot point.
= Corrected calculation bug of max/min indicator values when MACD/Signal lines and Histogram both displayed.
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.
Excellent indicator!