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Traditional MACD MT4

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Published: 10 June 2014

Current version: 1.4

Traditional MACD MT4

Name: Traditional MACD MT4
Rating: 4.581818 (55 reviews)
Author: Daniel Lewis

4.58

Indicators
Daniel Lewis
Version: 1.4
Updated: 23 April 2020

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.

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orlan2b 2025.02.05 16:50 #

¡ Excelente indicador lo recomiendo 100%, Solo es cuestion de ajustarlo a los parametros mas indicados para las Operativas y da buenos resultados !!!

197

Seyed Alireza Hojjatoleslami 2023.11.12 03:13 #

I use Hidden Divergence and it works very well. Thank you. i check too much indicator and never find like this

137

Michael Nunn 2023.09.20 01:44 #

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

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