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MACD Cross Zero and Signal

30 USD

Demo downloaded: 8

Published: 14 April 2023

Current version: 1.2

MACD Cross Zero and Signal

Indicators
Chan Wai Keung
Version: 1.2
Updated: 21 April 2023
Activations: 8

This is a MACD indicator which displays an up-arrow/down-arrow on the main chart window when MACD line cross zero and signal line.

1) The arrows on the main chart are very useful to traders because it will draw trader's attention to change of trend or momentum instantly.

2) It is definitely easier and faster than looking at the sub-window at the bottom of the screen. It is an important tool for MACD strategy.

3) User can opt for displaying the MACD cross Signal arrows which are in line with the arrows of MACD cross Zero arrows. This will help user to focus on the trend.

UPTREND:

MACD cross zero (from negative to positive value)
MACD cross Signal line from below

DOWNTREND:

MACD cross zero (from positive to negative value)
MACD cross Signal line from above.

SETTING:

The default parameters are based on the standard 12/26/9.
If you do not want an opposite MACD cross Signal, you can set this option to 'false'.
You can change the colour and the size of the arrows. Presets are Aqua for uptrend and Lime for downtrend.
The arrows for MACD cross zero and MACD cross Signal are different. Please see attached screen shots.

If you like this product, please check out also other products we have created:

Gold Hunter Z is an Expert Advisor for trading spot gold - XAUUSD.
Day Trade Partner is trade penal with Martingale function and a penal for display of daily symbol price information on chart.

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Version 1.2 2023.04.21

1) Add option to display a vertical line after MACD cross Zero. You can turn on or off this function in setting.
2) updated setting menu.

Version 1.1 2023.04.17

Minor Bug Fix