MACD Alert indicator MTF

15
6488

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New MACD indicator with alerts. Giving a signals when MACD crossover zero level or signal line and drawing arrows on main chart window.

I added additional dash line for easy spotting hidden divergence.

projectreaper_macd_alert_indicator

Settings :

EMA settings of  MACD

Alerts Zero level crossing level signals

Signal line crossing

UP and Down signals filter

And alerts types from arrows on chart to mail notifications.

projectreaper_macd_alert_indicator_settings

 

UPD:

New version with multiple timeframe usage

macd multiple timeframe

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Thank you guys for your donations it showing me what my indicators are helping you with trading!

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4.5 based on 348 votes
Software Name
Projectreaper MACD Alert indicator
Terminal
Metatrader4
Software Category
Forex Indicator
Price
USD 0
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15 COMMENTS

  1. I send you a feedback earlier but i think i write it out here so others that meet with the same problem can refer here. I try adding the indicator everything is fine. However if i am using a H4 chart i am not able to see the H4 and below MACD readings on the H4 charts but only charts that is higher than H4. Can you help on this thank you

    • Yes, thank you for the feedback, maybe someone is faced the same misunderstanding of the indicator behavior.
      I will double my response to you here – This is normal condition, we limited the functionality because to redraw lower timeframes takes too many cpu resources it causes of freezing terminal and charts each new bar from lower timeframe.

  2. Thank you so much, this is really a great indi… And for giving it out free. May you have great success in all your trading. You are paying it forward Sir.

    • Thanks, buddy. The MACD is really nice tool, actually you can trade with it oscillator like or price breakouts of any MA just set fast MA parameter to 1 it would mean current price for example if you want to keep your eyes on 200 ma set fast MA to 1 and slow MA to 200 it represent price break at 200 MA on your chart with alerts. If you’ll set heavier fast MA to 5 or 10 for example it will give you noise reduced signals.

  3. Hello sir,
    U r awesome… Thanks for Ur valuable indicators. I have some doubt.. Does your all indicator repaints or not? And your indicator is free for life long.. Or is there any expiry date of your indicators?.. Please reply me sir

    • Hi,
      It repaints only on current bar like all indicators till it will close, previous bar and others not repaints. Pay attention – if you using higher timeframe in the setting, higher timeframe’s current bar equals higher timeframe / current timeframe
      for example : if you’ve set H4 timeframe parameter and the indicator applied to H1 timeframe, the H4 first bar is 4 bars on H1.

      All indicators are totally free without any limits for account number or expiration date.

    • I like more h1 but you should use trading method which fit perfectly for you only we are different. Just follow one rule – your take profit should be more than your stop-loss.

      Read about MACD trading signals more like zero cross, signal line cross, cup signals, divergence etc. MACD it’s nice indi for any trading process.

    • This is standard MACD trading algorithm if you don’t know how to use the indicator read about more. You can find tonns of MACD strategies including the signals, trend filtering and divergence trading.

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