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Traditional MACD MT4

4.58

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 80
orlan2b
74
orlan2b 2025.02.05 16:50 
 

¡ Excelente indicador lo recomiendo 100%, Solo es cuestion de ajustarlo a los parametros mas indicados para las Operativas y da buenos resultados !!!

Seyed Alireza Hojjatoleslami
197
Seyed Alireza Hojjatoleslami 2023.11.12 03:13 
 

I use Hidden Divergence and it works very well. Thank you. i check too much indicator and never find like this

Michael Nunn
137
Michael Nunn 2023.09.20 01:44 
 

Great indicator, thanks. On the chart divergence lines are really good. Works well.

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FX Levels: Exceptionally Accurate Support & Resistance for All Markets Quick Overview Looking for a reliable way to pinpoint support and resistance levels across any market—currencies, indices, stocks, or commodities? FX Levels merges our traditional “Lighthouse” method with a forward-thinking dynamic approach, offering near-universal accuracy. By drawing from real-world broker experience and automated daily plus real-time updates, FX Levels helps you identify reversal points, set profit targe
SSM ZakopiecFX Follow The Trend
ROBERT URBANSKI
4.84 (25)
Indicators
This indicator I use with RENKO and RangeBar candle Discover the Secret to Successful Forex Trading with Our Custom MT4 Indicator! Have you ever wondered how to achieve success in the Forex market, consistently earning profits while minimizing risk? Here is the answer you've been searching for! Allow us to introduce our proprietary MT4 indicator that will revolutionize your approach to trading. Unique Versatility Our indicator is specially designed for users who prefer Renko and Rangebar candle
Currency Strength Wizard
Oleg Rodin
4.83 (54)
Indicators
Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real str
Apollo Secret Trend
Oleg Rodin
5 (6)
Indicators
Apollo Secret Trend is a professional trend indicator which can be used to find trends on any pair and time frame. The indicator can easily become your primary trading indicator which you can use to detect market trends no matter what pair or time frame you prefer to trade. By using a special parameter in the indicator you can adapt the signals to your personal trading style. The indicator provides all types of alerts including PUSH notifications. The signals of the indicator DO NOT REPAINT! In
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Line Break Chart MT4
Daniel Lewis
4.11 (9)
Indicators
This indicator displays a Line Break chart in the main chart window. To view the line break chart on its own, change the main chart window to display a Line Chart and then change the "Line chart" color to "None" in the F8 properties dialog. When scrolling, zooming in/out or changing the chart pair/timeframe, the indicator will resize the blocks on the next tick to fit the main chart viewing area. Line Break charts were invented in Japan and are similar to Point & Figure and Renko charts. A Japan
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orlan2b
74
orlan2b 2025.02.05 16:50 
 

¡ Excelente indicador lo recomiendo 100%, Solo es cuestion de ajustarlo a los parametros mas indicados para las Operativas y da buenos resultados !!!

Mars9999
24
Mars9999 2024.09.13 23:27 
 

works as shown in the description, very useful!

vandreifx
224
vandreifx 2024.05.18 09:34 
 

User didn't leave any comment to the rating

Calix Fujimoto
465
Calix Fujimoto 2024.05.08 10:07 
 

User didn't leave any comment to the rating

26718445
14
26718445 2024.04.10 06:12 
 

The movement is heavy.

jaewon yang
262
jaewon yang 2024.02.25 10:07 
 

User didn't leave any comment to the rating

Seyed Alireza Hojjatoleslami
197
Seyed Alireza Hojjatoleslami 2023.11.12 03:13 
 

I use Hidden Divergence and it works very well. Thank you. i check too much indicator and never find like this

Umit Ege
120
Umit Ege 2023.10.02 16:44 
 

User didn't leave any comment to the rating

Michael Nunn
137
Michael Nunn 2023.09.20 01:44 
 

Great indicator, thanks. On the chart divergence lines are really good. Works well.

SAMEERAOUDI1979
14
SAMEERAOUDI1979 2023.08.30 12:05 
 

thanks

Amin Moayyeri
58
Amin Moayyeri 2023.05.11 12:34 
 

thanks

joesign
16
joesign 2022.11.25 00:36 
 

Very goodo indicator, usefull. We can see the convergence and divergence oportunities.24 11 2022 20h36m.

Ko-saku Takagita
448
Ko-saku Takagita 2022.11.05 02:34 
 

User didn't leave any comment to the rating

francesco12
99
francesco12 2022.10.22 10:16 
 

Indicatore eccezionale anche sul tf a 5 m

Mauro Giuseppe Tondo
2009
Mauro Giuseppe Tondo 2022.09.28 02:10 
 

good

Rich C
28
Rich C 2022.09.20 16:16 
 

great stuff!!

Joaquim Gonzales II
39
Joaquim Gonzales II 2022.08.04 09:30 
 

User didn't leave any comment to the rating

John Winsome Munar
3471
John Winsome Munar 2022.06.14 03:45 
 

Clear MACD

Jose García
155
Jose García 2022.05.18 15:12 
 

whay did you take it out of MT5? is one of the greatest indicators ever!

Daniel Lewis
56783
Reply from developer Daniel Lewis 2023.05.16 21:52
They forced me too because the load time was too slow when there were a lot of bars, I'm working on getting it back into MT5
AlbertZAR
666
AlbertZAR 2022.04.06 11:00 
 

Perfect MACD indicator - great job, thanks!

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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).