MACD Trading View Style for MT5
Info
The MACD Trading View Style for MT5 is a Indicator for MetaTrader 5 that this indicator replicates the macd as displayed on tradingview, bringing its distinctive visual style natively into mt5. Key features:- 4-colour histogram: Dark Green (rising above zero), Light Green (falling above zero), Light Coral (rising towards zero), Red (falling below zero)- Signal line seeded with SMA — identical to Pine Script’s ta.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use MACD Trading View Style for MT5
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
This indicator replicates the MACD as displayed on TradingView, bringing its distinctive visual style natively into MT5.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - another powerful indicator for MetaTrader 5 traders.
This indicator replicates the MACD as displayed on TradingView, bringing its distinctive visual style natively into MT5.Also recommended: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - similar indicator with strong performance on MetaTrader 5.
Key features:
- 4-colour histogram: Dark Green (rising above zero), Light Green (falling above zero), Light Coral (rising towards zero), Red (falling below zero)
- Signal line seeded with SMA — identical to Pine Script’s ta.ema() initialisation, ensuring bar-for-bar agreement with TradingView
- Fully customisable inputs: Fast EMA, Slow EMA, Signal length, price source
No DLL, no external dependencies. Plug and play.
Also available for MetaTrader 4.
You may also like: Quantora Trade Statistics Dashboard MT5 - Professional Trading Performance Analytics - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.01"
#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 6
#property indicator_plots 3
#property indicator_label1 "MACD"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrDodgerBlue.......
⚠ 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.