Normalized MACD – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • This indicator is almost same as the
    “normal” MACD, except that its values are normalized and are roughly
    falling into a predictable range of values (unlike the regular nacd,
    that does not have that predictability of expected ranges).  That makes
    it usable for direct value-to -value comparison over different
    instruments and / or timeframes (since the values are comparable now).

    Even
    though the values are “very similar” to the original MACD, the values
    can differ significantly — see the example: lower is the “regular”MACD , and, as it is obvious, it is quite different in some periods of
    elevated volatility from the normalized version (not just regarding
    values, but the slope as well as the signal values).

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    It should be used using the same rules as regular MACD, but some experimenting is advised.

  • 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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