The sinusoidal curve is a great addition to the macd 2 indicator for mt5. When the sinusoidal wave trades above the zero level or mark, the market is supposed to move with a bullish tone.
mt5 indicator download instructions macd-2 is a metatrader 5 (mt5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Png the moving average convergence divergence is indicated by macd. This indicator was originally created during the 1970s by gerald appel. It is generally considered an indicator belonging to the family of oscillators, and it was around until online trading increased.
the metatrader 45 version also does not compute a true macd histogram (the difference between the macdsignal lines), this can be confusing for people new to metatrader 45 since the macd line is displayed as a histogram. This indicator displays macd as it was defined by its creator (gerald appel) and how it appears in other charting software. The macd line is computed as the difference between a fast ema and a slow ema.
Transferring common convergence divergence (macd) is a trend-following momentum indicator that exhibits the connection between two transferring averages of a safetys worth. The macd is calculated by subtracting the 26-period exponential transferring common (ema) from the 12-period ema.
This macd indicator looks slightly different from the macd indicator found in many other charting software. When the value of the signal line parameter is greater than the value of the macd parameter, the indicator will give a buy prompt, and when the signal line parameter is less than the value of the macd parameter, the indicator will give a sell prompt.
i have osma indicator with histogram bars colored in green or red when ascending or descending and macd indicator with 2 lines (macd and signal) so i tried to put both indicators on the same window and create the macd indicator i want. But this solution didnt work because the zero axis of both indicators is plotted within different scales.