Re: MACD indicators for MT4
371This is the Entropy "Math" MACD indicator that was shared and fixed by Mladen back in the TSD days. It's a basic standalone indicator but deserves to be shared here.
From what I can find about it it's an momentum histogram and the lines are a standard macd, not aware of one being made for mt4.Khattak2666 wrote: Fri Jun 07, 2019 6:20 am i am finding this indicator if someone could tell me the name
Hi JimmyJimmy wrote: Sun Apr 21, 2019 10:54 pm This is the Averages MACD Divergence indicator with Floating Levels by Mrtools.
This version is the original and is an excellent indicator which comes with lots of features such as Hidden & Classic Divergence, Multi-timeframe + Interpolation, Alerts & more.
As explained by Mrtools:
This is an averages macd with floating levels, the indicator is using the floating midline for the histogram color(replacing >< 0) indicator also has a multi color outer boundary macd line which bases its color on macd and signal line crosses.On that macd line there is an option to use it as multi color dots or the multi color line, and added an option to show the floating levels or not. The indicator has options for divergence, alerts on slope change, mid floating level cross, alerts on slope change, and a choice of the 20 different moving averages for the macd/signal calculation.
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