traditional ma c d with momentum indicador and alarms
Info
The traditional ma c d with momentum indicador and alarms is a Indicator for MetaTrader 4 that joão nunes @ neskk. com - 2015traditional macd indicator with a momentum indicator and alarms.
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 traditional ma c d with momentum indicador and alarms
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
joão nunes @ neskk.
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: camarilla alert with fibs - another powerful indicator for MetaTrader 4 traders.
joão nunes @ neskk.com - 2015
traditional macd indicator with a momentum indicator and alarms. allows customization of most of the parameters without having to dive into code.
Also recommended: william r36 indicator with alert - similar indicator with strong performance on MetaTrader 4.
this is my macd indicator, it has well structured code so even beginners can understand it and perhaps modify it. i've grabbed the momentum idea from another indicator: .i wanted a traditional macd indicator where:
macd line = fastema - slowema
signal = 9-day ema of macd
histogram = macd - signal
the momentum line is calculated by comparing two macd values with 10 bars in between. then momentum is passed into a moving average to make it smoother.
since macd 0-crossovers and momentum reversals can be important signals for traders, i've incorporated two alarms, one for each of the signals mentioned.
note:
these 'alarms' actually are being printed on experts tab, if you want alerts, just uncomment the respective lines in the code (instead of function use ).
i wanted to make this indicator user friendly and customizable, so i've included a lot of parameters:
barstoprocess — self explanatory.
note:
this affects the ability for the graph to render different time frames, at 1000 you can go up to 1d!
appliedprice — price used to calculate macd.
periodfastema — period used to calculate fast moving average.
periodslowema — period used to calculate slow moving average.
periodsignal — period analyzed to calculate the signal line.
signalma — moving average method used to calculate the signal line.
deltamomentum — distance between the two points analyzed to calculate the momentum.
periodmomentum — period analyzed to compute the moving average of the momentum (momentum smoothing).
momentumma — moving average method used to calculate the smoothed momentum.
alarmzerocrossover — enables/disables the alarm for macd 0-crossovers.
alarmmomentumreverse — enables/disables the alarm for momentum reversals.
You may also like: full bar with spread shadow indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.200"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 dodgerblue
#property indicator_width1 1
#property indicator_style1 style_solid
#property indicator_color2 firebrick.......
⚠ 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.