MACD on Array
Info
The MACD on Array is a Library for MetaTrader 5 that the cmacdonarray class is designed for calculation of moving average convergence/divergence (macd) values on indicator buffers. Usage:The init() method with the following parameters is called in the function:- int afastperiod - fast MA period- int aslowperiod - slow MA period- int asignalperiod - signal line period- enum_ma_method afastmethod - fast MA method- enum_ma_method aslowmethod - slow MA method- enum_ma_method asignalmethod - signal line method.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use MACD on Array
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The CmacDonArray class is designed for calculation of Moving Average Convergence/Divergence (MACD) values on indicator buffers.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Moving Average Calculation on Array Data - another powerful library for MetaTrader 5 traders.
The CmacDonArray class is designed for calculation of Moving Average Convergence/Divergence (MACD) values on indicator buffers.Also recommended: ATR Calculation Array Class for MetaTrader 5 - similar library with strong performance on MetaTrader 5.
Usage:
The init() method with the following parameters is called in the function:
- int afastperiod - fast MA period
- int aslowperiod - slow MA period
- int asignalperiod - signal line period
- enum_ma_method afastmethod - fast MA method
- enum_ma_method aslowmethod - slow MA method
- enum_ma_method asignalmethod - signal line method.
The solve() method with the following parameters is called in the function:
- const int aratesTotal - rates_total variable from the OnCalculate() function parameters
- const int aprevcalc - prev_calculated variable from the OnCalculate() function
- double adata[] - the buffer with the data used for the indicator calculation
- double afastma[] - intermediate buffer for fast MA
- double aslowma[] - intermediate buffer for slow MA
- double amain[] - calculated value of MACD main line
- double asignal[] - calculated value of MACD signal line.
Additional methods:
- int BarsRequiredSignal() - returns the minimum number of bars for the signal line calculation
- int BarsRequiredMain() - returns the minimum number of bars for the main line calculation
- string Name() - returns the line with the indicator name
- string NameMain() - returns the line with the indicator main line name
- string NameSignal() - returns the line with the indicator signal line name
- string Names() - returns the line with MA names.
The test_macdonarray.mq5 is a sample indicator showing CmacDonArray class application. The incmacdonarray file must be placed in the MQL5\Include\incmacdonarray of the terminal data folder (incmacdonarray folder must be created).
The CmaOnArray class from the incmaonarray file is needed for the proper work.
The MACD is the next trend-following dynamic indicator. It indicates the correlation between two of a price.
You may also like: Stochastic Oscillator Calculation on Arrays - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_plots 2
#property indicator_label1 "label1"
#property indicator_type1 draw_histogram
#property indicator_color1 clraquamarine
#property indicator_style1 style_solid.......
⚠ 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.