There are macd's with one line and histogram, two lines and no histogram and two lines with histogram.
Meta trader's macd has one line and histogram and uses a SMA for the signal line.
Rob Bookers's (two lines and histogram) uses a EMA for the signal line,
There are other variants.
Find the one you like.
Hi iannai69,
Use MACD attached in here https://www.mql5.com/en/forum/141175 and read the whole topic there
iannai69:
Thanks, managed to get the program but now i am struggling with actually getting the MACD onto my charts now, i saved the program into my templates but when i go to load template, it isnt there?? I know i'm doing something wrong but what??
Please don't double post . . .
https://www.mql5.com/en/forum/141714 where would you like people to reply to you ?
Thanks, managed to get the program but now i am struggling with actually getting the MACD onto my charts now, i saved the program into my templates but when i go to load template, it isnt there?? I know i'm doing something wrong but what??
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Could someone please help me, I'm fairly new to trading and only learning a few basic indicators, the MACD being one of them. I have used this tool on other platforms and they seem to be different from the one on Meta trader 4? As i said, I'm still learning so am not very big on all the tool names and its components so my description may not be very clear as to my problem.
The other MACD's i have seen consist of 2 moving averages which usually highlight a signal on crossover.
Mine seems to have 1 line and a histogram which i really find hard to read??
I would be very grateful if anyone could offer me any help on how to resolve this issue??
Ian