MACD Indicator

438 January 4, 2024

MACD Block

Overview

List of Indicators

  • MACD (MT4/MT5)

List of Strategies

  1. Histogram Cross at OS/OB
  2. Signal Line Cross at OS/OB
  3. Histogram & Signal Cross at OS/OB
  4. Histogram at OS/OB Level
  5. Signal Line at OS/OB Level
  6. Histogram at OS/OB Level (Reverse)
  7. Signal Line at OS/OB Level (Reverse)

 

– 1. Histogram Cross at OS/OB –

BUY SIGNAL = When MACD histogram > “MACD Level For Buy” + Previous histogram below < “MACD Level For Buy”.

SELL SIGNAL = When MACD histogram < “MACD Level For Sell” + Previous histogram below > “MACD Level For Sell”.

– 2. Signal Line Cross at OS/OB –

BUY SIGNAL = When MACD signal line > “MACD Level For Buy”.

SELL SIGNAL = When MACD signal < “MACD Level For Sell”.

 

– 3. Histogram & Signal Cross at OS/OB –

BUY SIGNAL = When MACD histogram line cross “MACD Signal Line” from lower to upper.

SELL SIGNAL = When MACD histogram line cross “MACD Signal Line” from upper to lower.

 

– 4. Histogram at OS/OB Level –


BUY SIGNAL = When MACD histogram > “MACD Level For Buy”.

SELL SIGNAL = When MACD histogram < “MACD Level For Sell”.

– 5. Signal Line at OS/OB Level –

BUY SIGNAL =

SELL SIGNAL =

– 6. Histogram at OS/OB Level (Reverse) –

BUY SIGNAL =

SELL SIGNAL =

 

– 7. Signal Line at OS/OB Level (Reverse) –

BUY SIGNAL =

SELL SIGNAL =

 

Indicator Inputs

  • MACD Time Frame – Select indicator time frame.
  • Fast EMA – Set the Indicator Fast EMA Value.
  • Slow EMA – Set the Indicator Slow EMA Value.
  • MACD SMA – Set the Indicator SMA Value.
  • Apply Price – Select the Indicator Price.
  • MACD Level For Buy – Set the value for MACD BUY Signal.
  • MACD Level For Sell – Set the value for MACD SELL Signal.
  • Signal Bars [MACD] (0-Current Bar) – Select which candle EA considers as a signal. 0 means the current candle, and 1 means the previous candle from the current candle.

NOTE: All indicators require that you configure all the inputs.

 

How to Setup

#Step 1 –

First, you have to active MACD INDICATOR SECTION to Set from EA’s Input
Active MACD = On

#Step 2 –

Select your Signal from MACD Signal Type. You have 7 Signals to choose from.

#Step 3 – 

After your signal selection is done then configure your indicator. Like EMA & SMA Value, Price, BUY/SELL Level and Signal Bars.

NOTE: All indicators require that you configure all the inputs.