MACD MA Price
Info
The MACD MA Price is a Indicator for MetaTrader 4 that the standard macd indicator is calculated using specific formulas: the main line (macd) is derived from the exponential moving average (ema), while the signal line (signal) is based on the simple moving average (sma), and the applied price is restricted to the closing price (close). The MACD MA Price indicator offers enhanced flexibility in input parameters, enabling the use of various moving averages and applied price options.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use MACD MA Price
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The standard MACD indicator is calculated using specific formulas: the main line (MACD) is derived from the exponential moving average (EMA), while the signal line (signal) is based on the simple moving average (SMA), and the applied price is restricted to the closing price (close).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Institutional Ehlers Fisher Transform: Advanced Price Normalization for MT4 - another powerful indicator for MetaTrader 4 traders.
The standard MACD indicator is calculated using specific formulas: the main line (MACD) is derived from the exponential moving average (EMA), while the signal line (signal) is based on the simple moving average (SMA), and the applied price is restricted to the closing price (close).Also recommended: i market price 2.1 - real-time price information indicator - similar indicator with strong performance on MetaTrader 4.
The MACD MA Price indicator offers enhanced flexibility in input parameters, enabling the use of various moving averages and applied price options. This indicator is based on a template, allowing for customization.
With additional input parameters, the formulas for the MACD MA Price indicator are as follows:
For users who prefer to choose a distinct moving average type in formula (1), an alternative version of the indicator, MACD MA Price-2, is available:
Input Parameters:
- macd_ma_method, macd_ma_method_1, macd_ma_method_2, and signal_ma_method:
0 - Simple Moving Average
1 - Exponential Moving Average
2 - Smoothed Moving Average
3 - Linear Weighted Moving Average
- applied_price:
0 - Close Price
1 - Open Price
2 - High Price
3 - Low Price
4 - Median Price, (high+low)/2
5 - Typical Price, (high+low+close)/3
6 - Weighted Close Price, (high+low+close+close)/4
Additional modifications with colored histograms are available in the provided zip file, along with detailed descriptions of the input parameters.
You may also like: exchange price indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 silver
#property indicator_color2 red
#property indicator_width1 2
extern int fast_period=12;
extern int slow_period=26;
extern int signal_period=9;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.