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Traditional MACD MT4

FREE

Published: 10 June 2014

Current version: 1.4

Traditional MACD MT4

Name: Traditional MACD MT4
Rating: 4.6056337 (71 reviews)
Author: Daniel Lewis

4.61

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.

more...

224

vandreifx 2024.05.18 09:34 #

A top tier indicator.

462

Calix Fujimoto 2024.05.08 10:07 #

Thanks for sharing this great indicator

220

jaewon yang 2024.02.25 10:07 #

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

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AUGUST SALE NOW ON - 30% OFF TILL 31ST AUGUST. WAS $49, NOW $34 ! Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near

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This indicator displays a Line Break chart in the main chart window. To view the line break chart on its own, change the main chart window to display a Line Chart and then change the "Line chart" color to "None" in the F8 properties dialog. When scrolling, zooming in/out or changing the chart pair/timeframe, the indicator will resize the blocks on the next tick to fit the main chart viewing area. Line Break charts were invented in Japan and are similar to Point & Figure and Renko charts. A Japan

FREE

Filter:

224

vandreifx 2024.05.18 09:34 #

A top tier indicator.

462

Calix Fujimoto 2024.05.08 10:07 #

Thanks for sharing this great indicator

26718445 2024.04.10 06:12 #

The movement is heavy.

220

jaewon yang 2024.02.25 10:07 #

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

183

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

Money_Box 2023.10.02 16:44 #

I will use this indicator, thank you.

138

Michael Nunn 2023.09.20 01:44 #

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

SAMEERAOUDI1979 2023.08.30 12:05 #

thanks

Amin Moayyeri 2023.05.11 12:34 #

thanks

joesign 2022.11.25 00:36 #

Very goodo indicator, usefull. We can see the convergence and divergence oportunities.24 11 2022 20h36m.

448

Ko-saku Takagita 2022.11.05 02:34 #

Good, Divergence is effective on high-end bars, but it's a little hard to see on small bars, so there are options not to use it.

francesco12 2022.10.22 10:16 #

Indicatore eccezionale anche sul tf a 5 m

1990

Mauro Giuseppe Tondo 2022.09.28 02:10 #

good

Rich C 2022.09.20 16:16 #

great stuff!!

Joaquim Gonzales II 2022.08.04 09:30 #

Good, thanks

3471

John Winsome Munar 2022.06.14 03:45 #

Clear MACD

155

Jose García 2022.05.18 15:12 #

whay did you take it out of MT5? is one of the greatest indicators ever!

54550

Reply from developer Daniel Lewis 2023.05.16 21:52 #

They forced me too because the load time was too slow when there were a lot of bars, I'm working on getting it back into MT5

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AlbertZAR 2022.04.06 11:00 #

Perfect MACD indicator - great job, thanks!

6079156 2022.04.03 01:14 #

Honestly this MACD exceeded my expectation and has enhanced my trading successes. What fascinated me most was the feature where it draws trending line at the areas of divergence. I no more spend time identifying the divergent areas as it has been marked for you.

HOWEVER I tried installing it on MT5 but failed. I seriously need the MT5 version of the Traditional MACD if possible. My email is mosesokpala@gmail.com- Moses Okpala Enugu Nigeria

rafatura 2022.01.31 15:42 #

Hello Daniel, Thank you very much for making available this indicator that is excellent in trading. Since the last update of mt5 build 3180 the traditional macd is not working anymore, could you please send me the mq5. My e-mail rafael.tura@gmail.com Regards,

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Version 1.4 2020.04.23

- Added alert for Divergence signal

Version 1.3 2015.12.11

- Corrected calculation bug that could cause slight re-painting of recent values.
- Corrected calculation bug of max/min indicator values when MACD/Signal lines and Histogram both displayed.
- Decreased load time for charts with large number of bars.

Version 1.2 2015.06.22

Added Classic and Hidden MACD Histogram divergence. Divergence occurs when there's a discrepancy between price movement and indicator movement. Classic Bullish divergence occurs when price makes lower lows yet the histogram makes higher lows (when histogram is below 0). Classic Bearish divergence occurs when price makes higher highs yet the histogram makes lower highs (when histogram is above 0). Hidden Bullish divergence occurs when price makes higher lows yet the histogram makes lower lows (when histogram is below 0). Hidden Bearish divergence occurs when price makes lower highs yet the histogram makes higher highs (when histogram is above 0). In order to have a true divergence, the histogram must twice cross the zero line (e.g. must rise above 0 and then fall below 0 for a bullish divergence).

T/F user inputs have been added to enable these new features. There are also new user inputs to control the line color and width of the divergence lines that are placed on the chart.

Version 1.1 2014.09.04

Added alerts for MACD line crossing Signal line.

New user inputs:

- Issue Alert When MACD Line Crosses Signal Line: T/F switch to enable/disable alerts (must be true for any alert type listed below to work).
- Alert on Bar Close Only" T/F switch to enable/disable checking for cross at bar close only.
- Chart Alert: T/F switch to enable/disable pop-up alert on chart.
- Audio Alert: Plays sound (if valid audio filename specified).
- E-mail Alert: T/F switch to enable/disable sending e-mail alert (only works if "Email" tab on Tools/Options menu is configured properly).
- Smartphone Alert: T/F switch to enable/disable sending push notification (only works if "Notifications" tab on Tools/Options menu is configured properly).