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Re: MACD indicators for MT4

#451
mrtools wrote:
Fri Oct 25, 2019 3:59 am
camisa wrote:
Thu Oct 24, 2019 9:36 pm


hello mrtools

is it possible to add full price options, please?
Added prices.

Dear MrTools,
This MACD is very sharp. Thank you so much.

Would you be kind to put in options for "indicative lines" please? Like the MACD Composite indicator in the lower SW.
There are be too many arrows in the main chart when other indicators are also pulled up.
Thank you Thank you Thank you.
Vol Ad MACD.png


Re: MACD indicators for MT4

#452
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.


Attached is a template to trade the Zerolag MACD.

There are 3 bbsqueeze indicators. One for EMA12. One for EMA26. And one for EMA9.
rex X means that the Bollinger band is squeezed inside the Keltner channel. Do not trade.
green dots means it's OK to trade.

As you can see in the following example, EURUSD is consolidating in the Asian session.
The Bollinger bands of EMA12, EMA26, EMA9 are squeezed.
Zerolag MACD.rar
(183.07 KiB) Downloaded 386 times
Zerolag MACD.zip
(183.44 KiB) Downloaded 432 times
EURUSDM15_20200103e.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: MACD indicators for MT4

#455
Here's a new template that display Zerolag EMA (12,26,9) on the chart instead of regular EMA (12,6,9).

According to the source code, the display arrows are based on:
switch(AlertsArrowsOn)
{
case 0 : CrossDescription = "Zero lag MACD - MACD crossed signal line ";
case 1 : CrossDescription = "Zero lag MACD - MACD crossed zero line ";
case 2 : CrossDescription = "Zero lag MACD - Signal line crossed zero line ";
}
Look like GPYJPY got two Bollinger Squeeze breakout in the London session today.
One of them goes from Fibo 23.6 to Fibo 61.8. That's about 68 pips???
Fibo 61.8 to Fibo 76.4 is a long squeeze; for hours.
And then another break out to the upside near Fibo 76.4
And then ...
ZeroLag MACD with EMA on chart.tpl
(1.17 MiB) Downloaded 268 times
ZeroLag MACD with Zerolag EMA on chart.tpl
(408.54 KiB) Downloaded 282 times
GBPJPYM5_20200107a.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


Re: MACD indicators for MT4

#456
Banzai wrote:
Tue Jan 07, 2020 4:22 am
Here's a new template that display Zerolag EMA (12,26,9) on the chart instead of regular EMA (12,6,9).
Your charts are always very impressive and really easy on the eyes. Very artistic and I really dig seeing your creations and templates, they're super light weight on the platform too :)
Download over 500+ Forex & Trading books from Forex-Station's (member's only) Trader's Library.

Re: MACD indicators for MT4

#457
Banzai wrote:
Mon Jan 06, 2020 4:49 am
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.


Attached is a template to trade the Zerolag MACD.

There are 3 bbsqueeze indicators. One for EMA12. One for EMA26. And one for EMA9.
rex X means that the Bollinger band is squeezed inside the Keltner channel. Do not trade.
green dots means it's OK to trade.

As you can see in the following example, EURUSD is consolidating in the Asian session.
The Bollinger bands of EMA12, EMA26, EMA9 are squeezed.
Man, what an excellent system B! I wish I had something as simple and effective as this when I was first starting out! Thank you for this piece of art, we've featured this in our Daily Downloads for today! :In Love:
Looking for a Forex broker that puts you first? FBS are offering $100 to get you started! Find out more, here.

Re: MACD indicators for MT4

#459
mrtools wrote:
Mon Jan 06, 2020 1:12 pm
gordianukpong wrote:
Mon Jan 06, 2020 12:15 pm
Dear MrTools,
Please help me add a MTF option to this MACD WIS indicator. Thanks very much in advance.
Added mtf.
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:
Elder Impulse System Template Settings MT4.zip
(327.97 KiB) Downloaded 536 times
Elder Impulse Trading Systems.pdf
(622.96 KiB) Downloaded 531 times
Elder Impulse System template & settings for MT4.png
Looking for a Forex broker that puts you first? FBS are offering $100 to get you started! Find out more, here.

Re: MACD indicators for MT4

#460
Hi mrtools,

Is it possible to add also alerts to this indi?
Thank you!
mrtools wrote:
Tue Oct 22, 2019 4:31 am
talaate wrote:
Mon Oct 21, 2019 11:48 pm

This indicator needs to be fixed,
As soon, you choose TRUE for arrow visible option, the indicator itself is disappeared from its window.
Try this one not quite completely fixed but works ok, the arrows should work on whatever color display you use. Has color on slope,zero cross, or signal cross.
volatility adjusted - macd (arrows).mq4
(14.19 KiB) Downloaded 226 times


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