MACD MTF Smoothed Alert indicator
Watch the testing video here:
Multiple temporal indicators with alerts have been smoothed using the new MACD.
Signals are given when the MACD crosses the zero level or the signals line, and arrows are drawn on the main chart pane.
I added a second dash line to make ot easier to discover concealed divergence.
This particular indicator allow you to smoth original MACD calculations to reduce unwanted signals.
SETTINGS:
Timeframe- timeframe of MACD (currnet byy default)
FastEMA- fast moving average of MACD
SlowEma - slow moving average of MACD
SignalsSMA - signal moving avarage of MACD
IndicatorSmooth - amount of smooth ( 1-off)
IndicatorSmoothMethod - smooth formula
DrwaBars - amount of bar to draw indicator data
Alerts
MACDzeroLineCrossAlert - zero-line crossover signals
MACDSignallineCrossAlert - MACD and signal line crossover signals
MACDupSignals - allow buy signals
MACDDownSignals - allow sell signals
PopupAler - enable terminal alert windows
UPD:
New version with multiple timeframe usage
04.05.2022 Added historical arrows
05.05.2022 Added smooth and style parameters
Multiple Timeframes
Pro Tips:
You can get a signal from a combination of indicators.
Follow the link to learn how to combine two or more signal alert indicators together.
How to install:
- download the file
- Unzip the archive and copy the MQL4 folder from the archive to your terminal Data folder
- Restart the terminal and apply the indicator to a chart
- Register a valid email with a single-time donation or log in with a previously registered email address
How to find Data folders:
In the terminal click the File menu- Open Data Folder
Good trading!
