Re: MACD indicators for MT4

1042
Banzai wrote: Fri Jul 21, 2023 1:20 am Volume Weighted MACD
(on/off button)

coder: mladen
I modify this to monitor many pairs at once.
For me, I use M5 charts.
These users thanked the author Banzai for the post (total 5):
Jimmy, Jedidiah, Tradehunter, josi, alexm

Re: MACD indicators for MT4

1045
Jimmy 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 :thumbup:
Image
MACD Histogram With Impulse System
(on/off button)

+ ahtf (auto higher time frame)
These users thanked the author Banzai for the post (total 2):
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