Re: MACD indicators for MT4
Posted: Fri Jul 21, 2023 1:20 am
Volume Weighted MACD
(on/off button)
coder: mladen
(on/off button)
coder: mladen
I modify this to monitor many pairs at once.
Is it possible to do this with unweighted macd?Banzai wrote: Sun Jul 23, 2023 12:06 pm I modify this to monitor many pairs at once.
For me, I use M5 charts.
You mean the regular MACD that comes with MT4?
MACD Histogram With Impulse SystemJimmy wrote: Wed Jan 08, 2020 5:31 pm Thanks for sharing and updating this old gem Mrtools
For those wondering what the "Impulse System" is, it's a simple trading system by Alexander Elder himself which consists of the MACD and the 13 period EMA.
Many traders including LazyBear from Tradingview also incorporate a 65 period EMA to show the prevailing trend.
The rules of the system are:
- Trade short (Sell) when the 13-period EMA falling
MACD(12,26,9) histogram falling- Trade long (Buy) 13-period EMA rising
MACD(12,26,9) histogram rising
Below is the Impulse System for MT4 with which includes the 65 EMA & 13 EMA (in Moving Average Ribbon form) as well as the WIS MACD by Vladimir Gospodinov which was purposely designed for this system.
A PDF has also been attached which includes information on Elder's systems.
PS: Thanks to Mrtools's MTF + Interpolation this system works very well on the 1 Hour charts using 4 Hour MTF
But, multisymbols
MACD
Thank youBanzai wrote: Sun Jul 30, 2023 12:54 pm MACD
No Interpolation.
If you need Interpolation, ask MrTool over here:
viewtopic.php?f=579496&t=8418142