The Moving Average Convergence/Divergence(MACD) indicator, built on a tick price chart.
At startup, it is necessary to wait for the arrival of the required amount of tick data for calculations.
Parameters:
- Fast EMA period – fast averaging period.
- Slow EMA period – slow averaging period.
- Signal SMA period – the period of averaging of the signal line.
- calculated bar – the number of bars on the chart for calculating the indicator.
Then follow the parameters that regulate the weights of the signals of the MACD oscillator (from 0 to 100). Their description can be found in the MQL5 Reference in the section Signals of the MACD oscillator.
- The oscillator has required direction – the value of the oscillator on the analyzed bar is growing/falling.
- Reverse of the oscillator to required direction – reversal of the oscillator.
- Crossing of main and signal line – the intersection of the main and signal lines.
- Crossing of the main line and the zero level – the intersection of the zero level.
- Divergence of the oscillator and price-divergence.
- Double divergence of the oscillator and price – double divergence.
Buffer numbers: 0 – MACD_LINE, 1 – SIGNALLINE, 4- SIGNAL_UP, 5- SIGNAL_DOWN.