MACD 2Line MT5

The MACD 2 Line Indicator is a powerful, upgraded version of the classic Moving Average Convergence Divergence (MACD) indicator, now available for the MetaTrader 5 platform. This tool is the embodiment of versatility and functionality, capable of delivering comprehensive market insights to both beginner and advanced traders.

The MACD 2 Line Indicator for MQL5 offers a dynamic perspective of market momentum and direction, through clear, visually compelling charts and real-time analysis.


How to use for Traders:

(Reversal - Lines)

• Bullish divergence: Price makes Lower Lows and Lower Highs, Indicator Lines make Higher Lows
• Bearish divergence: Price makes Higher Highs and Higher Lows, Indicator Lines make Lower Highs

(Continuation - Histogram)

• Bullish convergence: Price makes Higher Highs and Higher Lows, Indicator Histogram makes Lower Lows
• Bullish convergence:  Price makes Lower Lows and Lower Highs,  Indicator Histogram makes Higher Highs

How to use for Developers:

Four Buffers: The indicator includes four buffers, enabling easy integration with other Expert Advisors (EAs) via the iCustom function.

• Main Line Buffer (Index - 0): Represents the MACD line, the difference between two exponential moving averages.
• Signal Line Buffer (Index - 1): This is the signal line, a moving average of the Main Line, providing potential buy and sell signals.
• Histogram  Buffer (Index - 2):
  Marks the points where the MACD line is above the signal line, indicative of bullish market conditions when Histogram Buffer is greater than 0. (MACD Histogram is above 0)
  Marks the points where the MACD line is below the signal line, reflecting bearish market conditions when Histogram Buffer is less than 0. (MACD Histogram is below 0)