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AW Classic MACD MT5

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Modified MACD oscillator. A classic indicator that combines a trend indicator with an oscillator to detect entry points. It has a multi-time frame panel, as well as 3 types of notifications

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

Other developments of the author / MT4 / AW Classic MACD EA mt5

Other developments of the author / MT4 / AW Classic MACD EA mt5

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AW Classic MACD-The indicator of convergence or divergence of moving averages, consists of two moving averages and a histogram.

Moving average lines:Ā 

  • The blue thin line is the main fast lineĀ 
  • The red thick line is a signal, slow lineĀ 

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

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

When the blue line is higher than the red line, it is an uptrend, and the red line is higher than the blue line, it is a downtrend.Ā 

Histogram:

  • The size of the histogram increases, which means that the current trend is increasing, and the histogram is colored dark
  • The size of the histogram decreases-means the end of the current dynamics, the color of the histogram changes to a lighter oneĀ 

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.Ā 

  • The histogram above the “0” mark is an upward trend
  • The histogram below the “0” mark is a downward trend

1. Zero Level:

  • The blue line of the indicator crossed the “0” mark from the bottom up (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 (it was above zero, and then fell below zero) ā€“ a sell signal

2.Ā Ā Ā Cross Lines:

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

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

Other developments of the author / MT4 / AW Classic MACD EA mt5

Other developments of the author / MT4 / AW Classic MACD EA mt5


MAIN SETTINGS

  • Fast ema period MACD – The period of the fast (blue) moving average
  • Slow ema period MACD – The period of the slow (red) moving average
  • Signal period MACD – The period of the signal moving average, not displayed on the chart, used for calculations
  • Applied price MACD – The price used for calculating the indicator
  • Max Bars – The maximum number of candles on which the indicator will be calculatedĀ 
  • Signals Type-Adjusts the display of signals
    • Both Signals – Both types of signals
    • Zero Level-Signals when crossing the zero level
    • Cross Lines-Signals at the intersection of slow and fast moving averages
  • Both Signals – Both types of signals
  • Zero Level-Signals when crossing the zero level
  • Cross Lines-Signals at the intersection of slow and fast moving averages

NOTIFICATIONS SETTINGS

  • Notification candle number-Select which candle to display notifications on (0 – the current candle, 1-work on the closing prices, that is, work on the previous candle)Ā 
  • Send Push Notification-Use notifications about the appearance of new signals on the mobile version of the trader’s terminal
  • Send Pop Up Alert – Use Pop Up notificationsĀ 
  • Send Email-Use sending messages about the appearance of signals to the trader’s email address

GRAPHICS SETTINGS

  • Multitimeframe dashboard – Panel display view, minimized or full
  • Font size in panel – The size of the text on the indicator panel
  • Y offset-moving the multiframe panel along the Y axis
  • X offset-moving the multiframe panel along the X-axisĀ 
  • Uptrend Color Panel – The color of the ascending direction in the panel
  • Downtrend Color Panel – The color of the descending direction in the panel
  • Up Color Main Panel – The color of the uptrend in the panel
  • Down Color Main Panel – The color of the downtrend in the panel
  • Buy Signal Color – The color of the arrow when a buy signal is received
  • Sell Signal Color – The color of the arrow when a sell signal is received

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

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

Thanks for understanding.

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