Arrows by MACD MT5
This indicator is based on the standard MACD, arrows denote crossing of the main and the signal lines, taking into account the sensitivity threshold. Arrows appear when a new candlestick is formed, they do not blink and do not disappear, the indicator is not redrawn, not recalculated.
- FastEMA = 2; - the fast ЕМА period (MACD);
- SlowEMA = 13; - the slow ЕМА period (MACD);
- SignalSMA = 7; - the period of the signal line SMA (MACD);
- Threshold = 2.5; - sensitivity threshold. Can be from 0 to 10. If the value is outside the range of 0 ... 10, it is automatically set to the operating range.
The color and size of the arrows can be configured in the "Colors" tab. MACD is calculated using the "close" prices.