MACD ca – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
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  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • “Step” or “corrected” macd (using the same method for correction that is used in averages).


    Corrected
    values tend to be good filters, but they should not be mixed with the
    filters we are using. The values for the “corrected” method are
    different from “filtered” values.

    For additional help, there is a choice of possible ways how the “trend” is found out:

    • on slope change
    • on zero line cross
    • or on original macd value cross (in which case macd is used as a sort of a signal line)

    Also you can control if the “correction” is needed at all (by adjusting the “correction” period) when you can get the original MACD value displayed.

    With some experimenting a nice filter can be achieved and this way a probable new life to a good old macd can be added.

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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