Upgraded Classic MACD Indicator originally developed by Gerald Appel.
We have recreated the classic concept of the indicator.
According to the developer, the classic MACD indicator uses the EMA signal line, but the version for Metatrader uses the SMA signal line instead.
In addition, in the standard MT version the MACD line is displayed as a histogram when it was originally displayed as a line, and the histogram is displayed as the difference between the MACD line and the EMA signal line.
To the MACD idea we added Projectreaper functionality:
histogram zero level alerts
multiple timeframes displaying
smoothing options and trend filters
Supported Features :
Projectreaper Connect – USER GUIDE
Projectreaer Trend OS Filters – USER GUIDE
Settings :
TimeFrame – timeframe of MACD (current by default)
FastEMA – fast moving average of MACD
SlowEMA – slow moving average of MACD
SignalEMA – signal moving average of MACD
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data
Alerts
MACDHistogramAlert – zero line crossover signals
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
ArrowsOnChart – enable draw arrows on price chart
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
Style
Buy_ArrowColor – color of buy arrows
Sell_ArrowColor – color of sell arrows
Arrows_Width – width of signal arrows
Hist_Positive_Increasing – color of increasing histogram above zero level
Hist_Positive_Decreasing – color of decreasing histogram above zero level
Hist_Negative_Increasing – color of increasing histogram below zero level
Hist_Negative_Decreasing – color of decreasing histogram below zero level
MACD_Line – color of macd line
SIGNAL_Line – color of signal line
Filtered
Multiple timeframes
Smoothed MACD
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder
Good trading!
If you need help
Write down comment or use the feedback button
