MA C D MF I
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 MA C D MF I
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
The indicator (Money Flow Index) applied over (Moving Average Convergence/Divergence) provides a visual presentation of the current price divergence.
In addition to divergences, MACD provides a superb display of reversals on minor periods, such as 1, 5 and 15 min. Intersection of the MACD signal line and MFI can serve as an additional signal to open a trade. MFI line color changes after such an intersection.
Input parameters contain the MACD histogram and MFI parameters, as well as caliber - the RSI scaling factor. This factor has been added due to a large variation of MACD values on different timeframes. So, "caliber" for 15 minute EURUSED is about 4, for daily TF "caliber" = 20, for M1 "caliber" =0.5.
The indicator uses the CMoving_Average class from the SmoothAlgorithms.mqh library. The class is described in detail in the article .
Fig.1. The MACD_MFI indicator
