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Bulls MACD MT4
This indicator is a visual combination of 2 classical indicators: Bulls and MACD.
The main idea behind the MACD is that it subtracts the longer-term moving average from the shorter-term moving average. This way it turns a trend-following indicator into the momentum one and combines the features of both.
Usage of this indicator could be the same as both classical indicators separately or combined.
- BullsPeriod = 9;
- maMethod = MODE_SMA; ENUM_MA_METHOD
- maPrice = PRICE_CLOSE; ENUM_APPLIED_PRICE
- SignalPeriod = 5.