Color MACD Indicator For MT5
Table Of Contents:
- Color MACD Indicator For MT5
- Installing the Color MACD Indicator For MT5
- Parameters of the Color MACD Indicator For MT5
- Buffers of the Color MACD Indicator For MT5
- Main Parts Of The Code
The Color MACD Indicator For MT5 draws a colored MACD on the histogram subwindow. As a special feature you can select an averaging/smoothing algorithm for the MACD. The colors of the histogram are depending on the values. The signal line is green on rising values. On declining values the signal line is red.
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Installing the Color MACD Indicator For MT5
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file colormacd.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.
Parameters of the Color MACD Indicator For MT5
The Color MACD Indicator For MT5 has 5 parameters to configure.
input int Fast_MA = 12; //Fast moving average period input int Slow_MA = 26; //SMMA smoothing depth input ENUM_MA_METHOD MA_Method_=MODE_EMA; //Indicator averaging method input int Signal_SMA=9; //Signal line period input Applied_price_ AppliedPrice=PRICE_CLOSE_;//Price constant Buffers of the Color MACD Indicator For MT5
The Color MACD Indicator For MT5 provides 4 buffers.
SetIndexBuffer(0,MACDBuffer,INDICATOR_DATA); SetIndexBuffer(1,ColorMACDBuffer,INDICATOR_COLOR_INDEX); SetIndexBuffer(2,SignBuffer,INDICATOR_DATA); SetIndexBuffer(3,ColorSignBuffer,INDICATOR_COLOR_INDEX); Main Parts Of The Code
int OnCalculate( const int rates_total, // number of bars in history at the current tick const int prev_calculated,// number of bars calculated at previous call const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[] ) { //---- Checking the number of bars to be enough for the calculation if(rates_total lt start) return(0); //---- Declaration of integer variables int first1,first2,first3,bar; //---- Declaration of variables with a floating point double price_,fast_ma,slow_ma; //---- Initialization of the indicator in the OnCalculate() block if(prev_calculated gt rates_total || prev_calculated lt =0)// checking for the first start of calculation of an indicator { first1=0; // starting number for calculation of all first loop bars first2=macd_start+1; // starting number for calculation of all second loop bars first3=start+1; // starting number for calculation of all third loop bars } else // starting number for calculation of new bars { first1=prev_calculated-1; first2=first1; first3=first1; } //---- declaration of variables of the CMoving_Average class from the file MASeries_Cls.mqh static CMoving_Average MA1,MA2,MA3; //---- Main loop of the indicator calculation for(bar=first1; bar lt rates_total; bar++) { price_=PriceSeries(AppliedPrice,bar,open,low,high,close); fast_ma = MA1.MASeries(0, prev_calculated, rates_total, Fast_MA, MA_Method_, price_, bar, false); slow_ma = MA2.MASeries(0, prev_calculated, rates_total, Slow_MA, MA_Method_, price_, bar, false); MACDBuffer[bar]=fast_ma-slow_ma; SignBuffer[bar]=MA3.SMASeries(macd_start,prev_calculated,rates_total,Signal_SMA,MACDBuffer[bar],bar,false); } //---- Main loop of the MACD indicator coloring for(bar=first2; bar lt rates_total; bar++) { ColorMACDBuffer[bar]=0; if(MACDBuffer[bar] gt 0) { if(MACDBuffer[bar] gt MACDBuffer[bar-1]) ColorMACDBuffer[bar]=1; if(MACDBuffer[bar] lt MACDBuffer[bar-1]) ColorMACDBuffer[bar]=2; } if(MACDBuffer[bar] lt 0) { if(MACDBuffer[bar] lt MACDBuffer[bar-1]) ColorMACDBuffer[bar]=3; if(MACDBuffer[bar] gt MACDBuffer[bar-1]) ColorMACDBuffer[bar]=4; } } //---- Main loop of the signal line coloring for(bar=first3; bar lt rates_total; bar++) { ColorSignBuffer[bar]=0; if(MACDBuffer[bar] gt SignBuffer[bar-1]) ColorSignBuffer[bar]=1; if(MACDBuffer[bar] lt SignBuffer[bar-1]) ColorSignBuffer[bar]=2; } //---- return(rates_total); } //+------------------------------------------------------------------+
