Tape MACD indicator for Metatrader 5

This is a “tape like” MACD. The difference between the MACD and the signal line is plotted as a tape instead of plotting two separate lines. You can customize the MACD variables and the colors.

MACD stands for Moving Average Convergence / Divergence and measures the difference between two Exponential Moving Averages (EMAs). Read more about it here: Color MACD for Metatrader 5

The most popular formula for the MACD indicator are the 26-day and 12-day Exponential Moving Averages (EMAs).

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(Indicator was originally posted here)

Color MACD for Metatrader 5

MACD stands for Moving Average Convergence / Divergence and measures the difference between two Exponential Moving Averages (EMAs). It is a very popular technical analysis indicator that is widely used in many forex trading strategies because it provides reliable signals of trend changes The most popular formula for the “standard” MACD is the difference between a security’s 26-day and 12-day Exponential Moving Averages (EMAs).

Color MACD for Metatrader 5 is much better than the standart one because you can customize the histogram colors.

Download (Indicator was originally posted here)