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MACD Trend Follower

4

The "MACD Trend Follower" is an indicator based on the MACD oscillator. It serves to spot the trend direction by giving it a fixed color until the trend changes (the trend direction colors are customizable).

The default MACD settings for the indicator has been changed to adapt to the fast moving Forex market, but they can be changed to suit the trader.


Recommended settings for the indicator :

- MACD Fast EMA : 8 Periods.

- MACD Slow EMA : 13 Periods.

- MACD SMA : 5 Periods.


Indicator inputs :

- MACD Fast EMA : The Fast EMA for the MACD. Default of indicator has been set to 8 Periods.

- MACD Slow EMA :  The Slow EMA for the MACD. Default of indicator has been set to 13 Periods.

- MACD SMA : The MACD SMA. Default of indicator has been set to 5 Periods.

- Up Trend color : The color of the candles in an up trend.

- Down Trend color :  The color of the candles in a down trend.


For any suggestion, issues, or question. Please, feel free to contact me at : https://www.mql5.com/en/users/amiine90

Comentarios 6
Elijah Montefalco
173
Elijah Montefalco 2024.05.31 03:32 
 

So glad for having this

BAIXAR  HR-K
865
BAIXAR HR-K 2021.04.28 10:35 
 

Gratulation !! sehr guter Indicator

Severin Sebastian Creutzer
118
Severin Sebastian Creutzer 2021.04.14 12:18 
 

It works great. I switch from one period to another and back when it gets two colors in one bar.

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Filtro:
Elijah Montefalco
173
Elijah Montefalco 2024.05.31 03:32 
 

So glad for having this

Mjdy Mahr Amyn Msʿwd
184
Mjdy Mahr Amyn Msʿwd 2021.11.26 09:38 
 

good

BAIXAR  HR-K
865
BAIXAR HR-K 2021.04.28 10:35 
 

Gratulation !! sehr guter Indicator

Severin Sebastian Creutzer
118
Severin Sebastian Creutzer 2021.04.14 12:18 
 

It works great. I switch from one period to another and back when it gets two colors in one bar.

sunnychow
8902
sunnychow 2021.03.09 09:34 
 

Thanks

philippe germain
2738
philippe germain 2020.01.31 19:30 
 

Interesting!

Respuesta al comentario
Versión 1.2 2020.07.28
- General Improvements.
Versión 1.1 2020.02.21
- Improved the algorithm of signals.