AW Classic MACD MT5 外汇EA

Modified oscillator MACD. A classic indicator that combines a trend indicator with an oscillator to detect entry points. Has a multi-timeframe panel and 3 types of notifications

Benefits:

• Works on all instruments and timeseries
• Trend indicator with   oscillator for inputs
• Multi-period panel on all timeframes
• Pluggable arrows when signals appear
• Three types of notifications: push, email, alert

MT4 version -> HERE / Our news -> HERE  

How the indicator works:

AW Classic MACD – Indicator of moving convergence or divergence, consists of two moving averages and a histogram.

Moving average lines:

– The blue thin line is the main fast line
– The red thick line is the signal, slow line

The indicator lines are displayed in a separate window, they are not located on the chart, moving averages move relative to zero, and not relative to current prices.

When two moving averages cross, a signal from the indicator will be received.

When the blue line is above the red one is an uptrend, the red line is above the blue one is a downtrend.

Bar graph:

– The size of the histogram increases – it means that the current trend is strengthening, while the histogram turns dark
– The size of the histogram decreases – means the end of the current dynamics, the color of the histogram changes to a lighter

The histogram shows the ratio of the indicator lines to each other. The closer the lines are to each other, the shorter the histogram line. The further the indicator lines are from each other, the longer the line in the histogram.

– The histogram is above the “0” mark – an upward trend
– The histogram below the “0” mark – a downtrend

Signals:

1. Zero Level:

– The blue line of the indicator crossed the “0” mark from bottom to top (that is, it was less than zero, and then became larger) – a buy signal
– The blue line of the indicator crossed the “0” mark from top to bottom (was more than zero, and then dropped below zero) – a sell signal

2. Cross Lines:

– The main (blue) line crossed the signal (red) line from bottom to top – a buy signal
– The main (blue) line crossed the signal (red) line from top to bottom – a sell signal

3. When the histogram is below the “0” mark – this is a downtrend, the histogram is above the “0” mark – an uptrend

Input settings:

MAIN SETTINGS 

Fast ema period MACD – period of the fast (blue) moving average

Slow ema period MACD – period of the slow (red) moving average

Signal period MACD – Signal moving period, not displayed on the chart, used for calculations

Applied price MACD – The price used for indicator calculations

Max Bars – The maximum number of candles on which the indicator will be calculated

Signals Type – Adjust the display of signals
– Both Signals – Both types of signals
– Zero Level – Signals at zero crossing
– Cross Lines – Signals at the intersection of slow and fast moving averages

NOTIFICATIONS SETTINGS

Notification candle number – Select on which candle to display notifications (0 – the current candle, 1 – work at the closing prices, then work on the previous candle)

Send Push Notification – Use notifications of new signals to the mobile version of the trader’s terminal

Send Pop Up Alert – Use pop-up notifications

Send Email – Use sending letters about the appearance of signals to the trader’s e-mail

GRAPHICS SETTINGS

Multitimeframe dashboard – Panel display view, minimized or full

Font size in panel – Text size in the indicator panel

Y offset – move the multi-frame panel along the Y axis

X offset – move the multi-frame panel along the X axis

Uptrend Color Panel – Color of the upward direction in the panel

Downtrend Color Panel – Color of the downward direction in the panel

Up Color Main Panel – Color of the uptrend in the panel

Down Color Main Panel – Color of the downtrend in the panel

Buy Signal Color – Arrow color when a buy signal arrives

Sell Signal Color – Color of the arrow when a sell signal arrives

Support:

We are happy to provide our developments for free, but due to the limited time available, all free products are provided without any support.

Thank you for understanding.