Custom MACD Indicator For MT4
Table Of Contents:
- Custom MACD Indicator For MT4
- Installing the Custom MACD Indicator For MT4
- Parameters of the Custom MACD Indicator For MT4
- Buffers of the Custom MACD Indicator For MT4
- Main Parts Of The Code
The Custom MACD Indicator For MT4 is a customized version of the popular Moving Average Convergence Divergence (MACD) indicator. It graphically depicts the difference in long term market sentiment and short term market sentiment relative to price. Just like conventional MACD, the signals generated by this indicator include zero line crossover, signal line crossover, and divergence in indicator and price direction.
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
Installing the Custom MACD Indicator For MT4
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file MACD.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.
Parameters of the Custom MACD Indicator For MT4
The Custom MACD Indicator For MT4 has 3 parameters to configure.
extern int FastEMA=12; extern int SlowEMA=26; extern int SignalSMA=9; Buffers of the Custom MACD Indicator For MT4
The Custom MACD Indicator For MT4 provides 2 buffers.
SetIndexBuffer(0,MacdBuffer); SetIndexBuffer(1,SignalBuffer); Main Parts Of The Code
int start() { int limit; int counted_bars=IndicatorCounted(); //---- last counted bar will be recounted if(counted_bars gt 0) counted_bars--; limit=Bars-counted_bars; //---- macd counted in the 1-st buffer for(int i=0; i lt limit; i++) MacdBuffer[i]=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i); //---- signal line counted in the 2-nd buffer for(i=0; i lt limit; i++) SignalBuffer[i]=iMAOnArray(MacdBuffer,Bars,SignalSMA,0,MODE_SMA,i); //---- done return(0); } //+------------------------------------------------------------------+
