i MA C D±AT R
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use i MA C D±AT R
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.
Description & Settings
Svinozavr
The indicator is simple enough. When MACD is in positive area its values are shifted downwards by the amount of ATR, when MACD is in negative area, its values are shifted upwards.
Therefore, the resulting curve enters the same area with MACD only when the value of the latter one is big enough to cover the value of the trading range. Besides, this method allows users to track decreasing of ATR at the end of the movement – the resulting curve enters the area where MACD is located at the moment.
Blue line - result of MACD shift by ATR. Highlighted histogram bars indicate places where MACD and shift result have the same sign (±).
The additional condition for their emerging is MACD slope in the direction of the price movement.
iMACD±ATR
This indicator was first implemented in MQL4 and published in Code Base at 18.08.2011 (in Russian).
