• Overview
  • Reviews (41)
  • Comments (229)
  • What's new

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 41
David Jones
David Jones 2021.01.27 15:33 

Works and looks great. Thanks.

Valentin Butorin
Valentin Butorin 2021.01.10 07:00 


kentthan 2020.12.26 08:18 

Loving it !

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TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
59 USD
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Line Break Chart MT4
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Line Break Chart
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Line break charts were invented in Japan and are similar to Point & Figure and Renko charts. A Japanese trader described the three-line-break chart as a "more subtle form of point and figure charts where reversals are decided by the market and not by arbitrary rules." Line break charts ignore time and only change when prices move a certain amount. These charts show a series of vertical lines (or "blocks") of varying size (Renko uses a fixed block size). Green blocks (traditionally white) represe
David Jones
David Jones 2021.01.27 15:33 

Works and looks great. Thanks.

Valentin Butorin
Valentin Butorin 2021.01.10 07:00 


kentthan 2020.12.26 08:18 

Loving it !

Alejandro Renteria
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
German Gutierrez 2020.10.12 17:36 


sanobalano 2020.10.10 01:17 

good indicator

ธนชิต เตชะหงษา

The best Indy

Natasha Diedericks
Natasha Diedericks 2020.07.07 11:33 


Elliot Williams
Elliot Williams 2020.06.06 19:41 

User didn't leave any comment to the rating

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
Tamunoiyowunate Jenewari 2020.05.11 21:21 

very good

asaens15 2020.04.23 18:19 


[Deleted] 2020.01.15 17:46 

User didn't leave any comment to the rating

rubydragon 2019.12.12 16:20 

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

Monireh Ali Shahi
Monireh Ali Shahi 2019.09.04 13:45 

So good

sunnychow 2018.11.05 18:27 

Thanks for share

7885006_ArekPucung 2019.02.09 15:07 

Very Good Indicator

lin lin
lin lin 2018.11.07 15:45 

Great indicator~

Yuriy Suslov
Yuriy Suslov 2018.10.16 02:22 

User didn't leave any comment to the rating

PhilMorley 2018.09.12 06:24 

User didn't leave any comment to the rating

Matthew Todorovski
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
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
Tim Eubanks 2018.03.17 07:11 

User didn't leave any comment to the rating

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
Andrey Litvichenko 2017.10.29 05:09 

User didn't leave any comment to the rating

Heru Mukti Utama
Heru Mukti Utama 2017.08.31 18:23 

Very Helpfull.GBU

Ali irwan
Ali irwan 2017.07.20 00:16 

I like, thank

Vyacheslav Korolev
Vyacheslav Korolev 2017.05.05 13:58 

User didn't leave any comment to the rating

Gennadiy Voltornist
Gennadiy Voltornist 2017.04.11 11:11 

User didn't leave any comment to the rating

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
Maksym Mudrakov 2016.08.30 11:56 

User didn't leave any comment to the rating

Karsten Keller
Karsten Keller 2016.06.20 22:07 

Great indicator!

vahid jannati
vahid jannati 2016.03.03 19:27 

follow the trend and repainting signals

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
Muh Danial 2016.01.22 17:13 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
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
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 2014.09.05 11:47 

Great indicator!

Pavel Pavlov
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).