MACD Message-an analog of the MACD Alert for the MetaTrader 4 trading platform with more advanced functionality:

The parameters of the Averaging Method and Price Type (MA method and Apply to) are displayed in the properties window, in contrast to the standard indicator gives an advantage to observe the convergence/divergence between the moving averages of all types (Simple averaging, Exponential, Smoothed and Linear weighted) and at any price (closing Price, opening Price, the Maximum period for the price, lowest in price, Median, Typical and Weighted average).

The indicator reports the divergence of the weakening trend with the price on the last bar-the Divergence on Last Bar function, which can be disabled. The edge of the indicator bars is colored according to the trend. The color of the histogram (Color Histogram MACD) can be changed according to the settings in the properties window of the MACD Message indicator:

The Color Histogram MACD parameters can be used separately, together, or turned off.

The built-in function of notification parameters in the form of a comment in the upper-left corner of the graph, the output of a dialog box (Message Alert), the transmission of a message to an email mailbox (Message Gmail) and a mobile phone (Message Mobile) allows you to track the signals:

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• The beginning of an upward trend — the MACD bars move from the negative zone (below zero) to the positive one;
• The beginning of a downward trend — bars from the positive zone (above zero) go into the negative;
• The upward trend is weakening – the bars are in the positive zone, but are formed below the signal line;
• The upward trend prevails – the growth of bars in the positive zone above the signal line;
• The downward trend is weakening – the bars are in the negative zone, but are formed above the signal line;
• The downward trend prevails – the fall of bars in the negative zone below the signal line.
• Divergence down – price growth at the last bar above the previous one with a weakening upward trend.
• Divergence up – the price falls on the last bar below the previous one with a weakening downward trend.
• The signal of the indicator bars is positive – the sum of the selected parameters of the Color Histogram MACD gives a positive signal.
• The signal of the indicator bars is negative– the sum of the selected parameters Color Histogram MACD is a negative signal.
• There is no signal of the indicator bars – the sum of the selected parameters of the Color Histogram MACD does not give any signal.

More functional indicator development: MACD Converter.

Have a good trade!

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