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  • Comments (238)
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Traditional MACD MT4

MACD indicator in MetaTrader 4/5 looks different than MACD does in most other charting software. That is 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, while according to MACD definition it is 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 and no true MACD histogram is available.

This indicator displays MACD as it was defined by its 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).

True/False switches enable you to display/hide the MACD/Signal lines and the MACD Histogram.

Reviews 50
Cornel Maracineanu
38
Cornel Maracineanu 2021.04.26 20:55 
 

Very Good I sudgestThank you Cornel M.

Саша Синков
1100
Саша Синков 2021.04.26 08:53 
 

Прекрасно!!!

Hassan Abedini
127
Hassan Abedini 2021.04.02 21:46 
 

Thanks a million $ 😘

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TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our cust
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PipFinite Exit EDGE
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Karlo Wilson Vendiola
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
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Advanced Currency IMPULSE with ALERT
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Naked Forex Kangaroo Tail
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Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to calculate the indicator TradeDirection (Long/Short/LongAndShort): filter sign
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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 l
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Line Break Chart MT4
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Cornel Maracineanu
38
Cornel Maracineanu 2021.04.26 20:55 
 

Very Good I sudgestThank you Cornel M.

Саша Синков
1100
Саша Синков 2021.04.26 08:53 
 

Прекрасно!!!

adnanadnan
683
adnanadnan 2021.04.10 15:08 
 

deleted

Hassan Abedini
127
Hassan Abedini 2021.04.02 21:46 
 

Thanks a million $ 😘

omartaha
64
omartaha 2021.03.31 12:20 
 

It’s good so far , but it needs to trade more than one pair. It initiated a trade USD/ERO and actually made small profits.Good Job.

Tariq69
34
Tariq69 2021.03.21 11:39 
 

Works and looks great. Thanks

zhu_minhua
19
zhu_minhua 2021.03.19 03:58 
 

有些复杂了!

Mr Alberto Manuel Tao Ferreira
170
Mr Alberto Manuel Tao Ferreira 2021.03.16 20:40 
 

Works perfectly. Thanks

forexva
84
forexva 2021.03.07 05:12 
 

Great Indicator!

David Jones
65
David Jones 2021.01.27 15:33 
 

Works and looks great. Thanks.

Valentin Butorin
4012
Valentin Butorin 2021.01.10 07:00 
 

Nice

kentthan
21
kentthan 2020.12.26 08:18 
 

Loving it !

Alejandro Renteria
18
Alejandro Renteria 2020.12.03 20:19 
 

It works really well, i just hide all hiden divergence indicators, just use the histogram and the 2 lines crossover.

German Gutierrez
131
German Gutierrez 2020.10.12 17:36 
 

excelente

sanobalano
49
sanobalano 2020.10.10 01:17 
 

good indicator

ธนชิต เตชะหงษา
18
 

The best Indy

Natasha Diedericks
4524
Natasha Diedericks 2020.07.07 11:33 
 

Thanks!

Elliot Williams
92
Elliot Williams 2020.06.06 19:41 
 

User didn't leave any comment to the rating

RK99
2657
RK99 2020.06.05 11:51 
 

The best free tools ever, MACD traders you will love this. This is one of the best tools to fit into my trading system. Thank you !!!

Tamunoiyowunate Jenewari
240
Tamunoiyowunate Jenewari 2020.05.11 21:21 
 

very good

asaens15
2142
asaens15 2020.04.23 18:19 
 

helpful

[Deleted] 2020.01.15 17:46 
 

User didn't leave any comment to the rating

rubydragon
24
rubydragon 2019.12.12 16:20 
 

hi. how to add it to tradingview.com. Thank you

Monireh Ali Shahi
207
Monireh Ali Shahi 2019.09.04 13:45 
 

So good

sunnychow
8698
sunnychow 2018.11.05 18:27 
 

Thanks for share

7885006_ArekPucung
24
7885006_ArekPucung 2019.02.09 15:07 
 

Very Good Indicator

lin lin
26
lin lin 2018.11.07 15:45 
 

Great indicator~

Yuriy Suslov
381
Yuriy Suslov 2018.10.16 02:22 
 

User didn't leave any comment to the rating

PhilMorley
24
PhilMorley 2018.09.12 06:24 
 

User didn't leave any comment to the rating

Matthew Todorovski
13331
Matthew Todorovski 2018.06.30 13:23 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Venu Balaga
128
Venu Balaga 2018.06.04 22:40 
 

Thank you!

[Deleted] 2018.05.26 13:10 
 

User didn't leave any comment to the rating

Tim Eubanks
5557
Tim Eubanks 2018.03.17 07:11 
 

User didn't leave any comment to the rating

didihays
179
didihays 2018.02.01 09:26 
 

Awesome awesome awesome!!! I had been disappointed in the standard MACD that comes with MT. I found this indicator today for MT5 as well as MT4. Had I realized the power of the divergence lines, it could have saved me a bad trade. But it has more than made up for it after I discovered how well all the pieces work together. Thank you so much for this indicator! Great job!

Andrey Litvichenko
7670
Andrey Litvichenko 2017.10.29 05:09 
 

User didn't leave any comment to the rating

Heru Mukti Utama
20
Heru Mukti Utama 2017.08.31 18:23 
 

Very Helpfull.GBU

Ali irwan
5136
Ali irwan 2017.07.20 00:16 
 

I like, thank

Vyacheslav Korolev
8518
Vyacheslav Korolev 2017.05.05 13:58 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
11927
Gennadiy Voltornist 2017.04.11 11:11 
 

User didn't leave any comment to the rating

catkin
12
catkin 2017.03.21 11:38 
 

Hi Daniel,

Could you mind share your "Traditional MACD MT4" source code to me?

My E-mail address is: tony.song.2010@gmail.com

It's a great indicator, thank you for your share!

Maksym Mudrakov
25701
Maksym Mudrakov 2016.08.30 11:56 
 

User didn't leave any comment to the rating

Karsten Keller
19
Karsten Keller 2016.06.20 22:07 
 

Great indicator!

vahid jannati
1970
vahid jannati 2016.03.03 19:27 
 

follow the trend and repainting signals

astrafx
437
astrafx 2016.02.17 20:22 
 

This is my first review in mql store. I use it on my live charts, with vsa and dynamic trend is invincible. It's the secret ingredient that makes you a better trader, and it's for free... unbelievable. Many, many thanks for the author.

Muh Danial
119
Muh Danial 2016.01.22 17:13 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7146
Rodrigo da Silva Boa 2015.12.03 04:28 
 

User didn't leave any comment to the rating

[Deleted] 2015.07.12 09:23 
 

User didn't leave any comment to the rating

Zhang Yi
654
Zhang Yi 2015.06.05 02:21 
 

Hi, Daniel

Can you share your free indication "Traditional MACD MT4" mq4 file to me ?

I live it, pls send my E-mail:zhangyi9984@gmail.com

Thanks for your share !

Martin
37
Martin 2014.09.05 11:47 
 

Great indicator!

Pavel Pavlov
683
Pavel Pavlov 2014.08.09 21:28 
 

отлично! есть все уведомления! автор молодец! отличная работа!

Reply to review
Version 1.4 2020.04.23
- Added alert for Divergence signal
Version 1.3 2015.12.11
- 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.
- Decreased load time for charts with large number of bars.
Version 1.2 2015.06.22
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 2014.09.04
Added alerts for MACD line crossing Signal line.

New user inputs:

- Issue Alert When MACD Line Crosses Signal Line: T/F switch to enable/disable alerts (must be true for any alert type listed below to work).
- Alert on Bar Close Only" T/F switch to enable/disable checking for cross at bar close only.
- Chart Alert: T/F switch to enable/disable pop-up alert on chart.
- Audio Alert: Plays sound (if valid audio filename specified).
- E-mail Alert: T/F switch to enable/disable sending e-mail alert (only works if "Email" tab on Tools/Options menu is configured properly).
- Smartphone Alert: T/F switch to enable/disable sending push notification (only works if "Notifications" tab on Tools/Options menu is configured properly).