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  • Comments (266)
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Traditional MACD MT4

4.6

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 20
Michael Nunn
129
Michael Nunn 2023.09.20 01:44 
 

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

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.

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Forex Breath System is a trend based trading system which can be used with any market. You can use this system with currencies, metals, commodities, indices, crypto and even stocks. It can also be used with any time frame. The system is universal. It shows trend and provides arrow signals with the trend. The indicator can also provide you with a special type of alerts when the signals appear in the direction of the trend which makes trend trading an easy task. The indicator is very easy to use a
45 USD
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Line Break Chart MT4
Daniel Lewis
3.77 (13)
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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Michael Nunn
129
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 
 

Good, Divergence is effective on high-end bars, but it's a little hard to see on small bars, so there are options not to use it.

francesco12
89
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
47
Joaquim Gonzales II 2022.08.04 09:30 
 

Good, thanks

John Winsome Munar
3472
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
184375
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
619
AlbertZAR 2022.04.06 11:00 
 

Perfect MACD indicator - great job, thanks!

6079156
36
6079156 2022.04.03 01:14 
 

Honestly this MACD exceeded my expectation and has enhanced my trading successes. What fascinated me most was the feature where it draws trending line at the areas of divergence. I no more spend time identifying the divergent areas as it has been marked for you.

HOWEVER I tried installing it on MT5 but failed. I seriously need the MT5 version of the Traditional MACD if possible. My email is mosesokpala@gmail.com- Moses Okpala Enugu Nigeria

rafatura
14
rafatura 2022.01.31 15:42 
 

Hello Daniel, Thank you very much for making available this indicator that is excellent in trading. Since the last update of mt5 build 3180 the traditional macd is not working anymore, could you please send me the mq5. My e-mail rafael.tura@gmail.com Regards,

Rexmer Pateno
211
Rexmer Pateno 2021.12.15 10:11 
 

I have been using traditional MACD for years now and I will say it's my go to indicator, on all time frames including tick charts that's where I spend most of my time, so I figured it was time to leave a review, I only leave reviews if I have used an indicator for long periods of time because honestly that's the only way to see if an indicator truly is worthy, and traditional MACD is worthy to be in my tool box, thanks for the great work

Satyam Shivam
31488
Satyam Shivam 2021.11.18 05:07 
 

Nice Indicator

08033337080
24
08033337080 2021.11.16 21:16 
 

MACD is a great indicator if you kmow how to use it. My challenge is that this tradtional MACAD gets removed each time I try to attach it to my chart. What do I need to do to successfully attach it to my chart.

provo2020
205
provo2020 2021.11.12 13:02 
 

I m finding it awesome. Thanks for your brilliant innovation.

Its EclipsePlays
21
Its EclipsePlays 2021.10.10 07:00 
 

I'm surprised in this indicator. It's like a manual signal provider, due to its sharp divergence detection system. This indicator runs better on higher timeframes, but it also performs good for scalpers trading in lower timeframes. Its recommended to remove cancelled divergences for scalpers though, they can reduce your profits. But for higher timeframes, its better to show the cancelled, classic divergences, they can provide hints that a price movement will happen. Tried backtesting it 50 times using the confirmed divergence signals, had a result of 41-9, the losses include 5 pip profit. Still haven't tried the cancelled ones, but for me, this indicator is amazing.

tridi xstail
18
tridi xstail 2021.10.10 03:27 
 

recommendations for those of you who are looking for an indicator tool...tanks

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).