Technical Indicators for MetaTrader 5

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MetaTrader 5

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Macd Kolay Al Sat

macd-kolay-al-sat-logo-200x200-2431
50 $38 $

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Information

Indicators
MetaTrader 5
Hasan Mecit
1.0
5

Overview

Certainly. Here's the explanation in English:

This program is a custom indicator that calculates the MACD (Moving Average Convergence Divergence) and shows the crossovers between the MACD and Signal lines. Here are the main functions of the program:

  1. MACD Calculation:

    • Calculates the difference between the Fast EMA (Exponential Moving Average) and Slow EMA.
    • This difference forms the MACD line.
  2. Signal Line Calculation:

    • Creates the Signal line by taking a simple moving average (SMA) of the MACD values.
  3. Indicator Drawing:

    • Draws the MACD line in blue.
    • Draws the Signal line in red.
    • Calculates a histogram showing the difference between MACD and Signal lines (though this is not plotted).
  4. Crossover Detection and Marking:

    • Places a green up arrow at points where the MACD line crosses above the Signal line (Bullish Crossover).
    • Places a red down arrow at points where the MACD line crosses below the Signal line (Bearish Crossover).
  5. Separate Window Display:

    • The indicator is displayed in a separate window below the main price chart.
  6. Parameters:

    • Users can adjust the periods for Fast EMA, Slow EMA, and Signal SMA.

This indicator can be used to identify trend changes and potential buy/sell points:

  • Green up arrow (Bullish Crossover): MACD crossing above the Signal line may indicate the beginning of an uptrend and a potential buying opportunity.
  • Red down arrow (Bearish Crossover): MACD crossing below the Signal line may indicate the beginning of a downtrend and a potential selling opportunity.


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