Indicators: MACD Mirror

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MACD Mirror:

The Next Generation of MA Mirror, completed with SignalSMA.

Author: andy tjatur

 

Hello pramono72,

Thank you for your MT4 code contributions to the MQL4 Community. Your work is genuinely appreciated. Currently, there is an issue with the download of the MACD Mirror file and I hope it can be corrected asap:

404 The page you have requested does not exist.

 

Hallo Pramono 72,

Can we have a downloadpage for the MACD Mirror ?

Thank you,

 

Dear Pramono 72,

Lovely work, but where is the mq4 file? No downloadable file man !!!

My best greetings

 
Dear All, please be patient, iam still working on it.. meanwhile you can trade well by using my SDL_MAM & MA_Mirror for best result. Kind Rgds
 
tiberius:

Hello pramono72,

Thank you for your MT4 code contributions to the MQL4 Community. Your work is genuinely appreciated. Currently, there is an issue with the download of the MACD Mirror file and I hope it can be corrected asap:

404 The page you have requested does not exist.

无法下载啊。
 

Now the file MACD_Mirror.mq4 is downloadable.

 

LOL Pramono72, so you took my advice and made a MACD mirror eh? :) Haha, thankx man, you're the best! :)

http://codebase.mql4.com/en/code/9942

 
USE Awesome Oscillator, simply shows exactly the same curve.
 
MACD Mirror is much different than AO, as well ordinary MACD compare with ordinari AO. MACD Mirror with Close-Open approach is a new wave in forex market...it's make forex trading is simplier and more profitable even for early stage trader..
 
Dear Pramono,
Thank you very much for sharing such a nice indicator with the community on mql4codebase. I have done a little change with your indicator as I have changed the color of red in blue and vice verse as red is generally a sign of sell and blue is for buy to remember easy.
I want to use this indicator in my trading and have noted that it keeps changing the signals till the candle is totally closed. There are two points to note while initiating buy/sell are:
1. Blue line and Red line has crossed each other.
2. The right most candle is closed

If condition 1 and 2 is fulfilled then open position on new running candle. Take a look at the attachment and you will recognize it easily.

On first vertical line, there is no signal as the candle is closed but the indicator has not crossed. So we can wait till next candle to close.

On second vertical line, there is signal as the candle is closed and indicator has crossed each other lines. Both the conditions are true so we will sell.

In this example it is clearly visible so it is not a problem but sometimes it is not clearly visible when both line appear one another. For that case I request you to please add some code so that as soon as both the above conditions are fulfilled an alert is generated. So on basis of that alert we initiate buy/sell.


Regards
Mayank Saini
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