New MACD smoothed multiple timeframe 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.
This particular indicator allow you to smooth original MACD calculations to reduce unwanted signals.
TimeFrame – timeframe of MACD (current by default)
FastEMA – fast moving average of MACD
SlowEMA – slow moving average of MACD
SignalSMA – signal moving average of MACD
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data
MACDzeroLineCrossAlert – zero line crossover signals
MACDSignallineCrossAlert – MACD and signal line crossover signals
MACDUpSignals – allow buy signals
MACDDownSignals – allow sell 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
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
New version with multiple timeframe usage
11.10.2019 Added historical arrows
15.06.2021 Added smooth and style parameters
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