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  • Reviews (6)
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TG Macd 2 Line MT5

4.75

The MACD 2 Line Indicator is a powerful, upgraded version of the classic Moving Average Convergence Divergence (MACD) indicator.
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 MQL4 offers a dynamic perspective of market momentum and direction, through clear, visually compelling charts and real-time analysis.



Interpretation of MACD 2 Line

Divergence refers to the scenario where the asset's price forms higher highs and lower lows in an uptrend, but the indicator makes lower highs, hinting at potential momentum loss and a possible trend reversal. The opposite applies to a downtrend.

Convergence, on the other hand, is when an asset's price and the indicator mutually confirm an uptrend through higher highs and lows, signaling growing momentum and a likely trend continuation. The reverse holds true for a downtrend.

Key Features for developers:

  1. 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 Up Buffer (Index - 2): Marks the points where the MACD line is above the signal line, indicative of bullish market conditions. When Histogram Up is greater than or equal to 0, Histogram Down is set to 0, signifying the histogram is above 0.

    • Histogram Down Buffer (Index - 3): Marks the points where the MACD line is below the signal line, reflecting bearish market conditions. When Histogram Down is less than 0, Histogram Up is set to 0, signifying the histogram is below 0.

By offering distinct buffers for Histogram Up and Histogram Down, this MACD 2 Line Indicator allows for precise trend determination and potential entry and exit points. These buffers are specifically designed for easy integration with other EAs or additional market analysis tools.

Upgrade your trading toolkit with the MACD 2 Line Indicator for MQL4/5, and leverage the power of sophisticated market analysis to make informed and profitable trading decisions.


Reviews 6
Patrice Assi
108
Patrice Assi 2025.01.07 14:44 
 

Good indicator, very reliable. Thank you

Rafal Krzysztof Manuszewski
2327
Rafal Krzysztof Manuszewski 2024.10.05 20:19 
 

👍

eskimos2000
26
eskimos2000 2024.07.17 06:49 
 

It's a lovely MACD version. Is there any way to change EMAs to SMAs in FAST and slow lines?

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First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one , combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focus
MetaBands M5
Vahidreza Heidar Gholami
4.5 (2)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout b
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TG MTF MA MT5   is designed to display a multi-timeframe moving average (MA) on any chart timeframe while allowing users to specify and view the MA values from a particular timeframe across all timeframes. This functionality enables users to focus on the moving average of a specific timeframe without switching charts. By isolating the moving average values of a specific timeframe across all timeframes, users can gain insights into the trend dynamics and potential trading opportunities without sw
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TG Macd 2 Line MT4
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The MACD 2 Line Indicator is a powerful, upgraded version of the classic Moving Average Convergence Divergence (MACD) indicator. 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 MQL4 offers a dynamic perspective of market momentum and direction, through clear, visually compelling charts and real-time analysis. Metatrader5 Version |  How-to Install Product | How-to
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TG MTF MA MT5     is designed to display a   multi-timeframe moving average (MA)   on   any   chart   timeframe   while allowing users to specify and view the MA values from a particular timeframe across all timeframes. This functionality enables users to focus on the moving average of a specific timeframe without switching charts.   By   isolating   the moving average values of a specific timeframe across all timeframes, users can gain insights into the trend dynamics and potential trading opp
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Introducing "TG Risk Service Manager" — your comprehensive toolkit for swift and precise risk management and lot size calculations in the dynamic world of trading. Designed to streamline development processes and enhance trading strategies, this indispensable library equips developers with essential tools for optimizing risk assessment and trade profitability. Metatrader5 Version   | All Products | Contact Key Features: Efficient Lot Size Calculation : Harness the power of precise lot size comp
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TG AveraEdge MT4
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Avera Edge  (EA) employs an   averaging strategy   designed for   long-term   profitability with low risk. It operates by initiating trades and setting take profit levels. If the market quickly reaches the take profit point, it opens another trade upon the next candle's opening.    Conversely, if the market moves against the trade, it employs an averaging technique to secure more favorable prices. Go to ->  Metatrader5 Version |  All Products  |  Contact
Introducing "TG Risk Service Manager" — your comprehensive toolkit for swift and precise risk management and lot size calculations in the dynamic world of trading. Designed to streamline development processes and enhance trading strategies, this indispensable library equips developers with essential tools for optimizing risk assessment and trade profitability. Metatrader4 Version |  All Products  |  Contact   Key Features: Efficient Lot Size Calculation : Harness the power of precise lot size c
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TG AveraEdge MT5
Daciana Elena Chirica
Avera Edge  (EA) employs an   averaging strategy   designed for   long-term   profitability with low risk. It operates by initiating trades and setting take profit levels. If the market quickly reaches the take profit point, it opens another trade upon the next candle's opening.  Conversely, if the market moves against the trade, it employs an averaging technique to secure more favorable prices. Go to ->  Metatrader4 Version |  All Products  |  Contact
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nabil elshishiny
28
nabil elshishiny 2025.04.13 07:10 
 

Good indicator for the people trading scalping ♥

Patrice Assi
108
Patrice Assi 2025.01.07 14:44 
 

Good indicator, very reliable. Thank you

Rafal Krzysztof Manuszewski
2327
Rafal Krzysztof Manuszewski 2024.10.05 20:19 
 

👍

eskimos2000
26
eskimos2000 2024.07.17 06:49 
 

It's a lovely MACD version. Is there any way to change EMAs to SMAs in FAST and slow lines?

Nemer Sukkar
18
Nemer Sukkar 2024.05.05 13:12 
 

User didn't leave any comment to the rating

Roger.Petros
24
Roger.Petros 2024.04.22 22:12 
 

User didn't leave any comment to the rating

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