PZ Macd TDI MT5

This indicator implements the logic behind Traders Dynamic Index to the classic MACD Indicator. It helps to find powerful trende changes and ignore meaningless ones. It is simply the classic MACD indicator plotted with volatility bands on top designed with the sole purpose of being able to ignore trend changes that do not follow an over-extension or over-contraction of the market. The indicator alerts on trend changes after the volatility bands have been breached and implements alerts of all kinds. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

For scalping

• Long if the macd trend is bullish and the main line does not breach the upper band
  
• Shortif the macd trend is bearish and the main line does not breach the lower band

Optionally, you can use higher timeframes to discard or confirm trades and get better timing.

Input Parameters

• Fast MA Period: MACD fast EMA period
  
• Slow MA Period MACD slow EMA period
  
• Signal MA Period: MACD signal EMA period
  
• BB Period: Averaging period used to calculate the deviation bands
• BB Deviations: Deviations used for the deviation bands.
• Max History Bars: Maximum amount of past bars in the chart to evaluate
• Custom alert: Custom alert text for this instance of the indicator
  
• Display alerts: Enable or disable visual alerts
  
• Mail alerts: Enable or disable email alerts
  
• Push alerts: Enable or disable push alerts
  
• Sound alerts: Enable or disable sound alerts
  
• Sound file: Sound to play on alert