MACD MA Price – indicator for MetaTrader 4

The standard MACD indicator is calculated by formulas:

where main line (MACD) is drawn on the exponential moving average (EMA), a signal line (SIGNAL) on the simple moving average (SMA), and applied price is limited to the closing price (CLOSE).

The proposed indicator MACD MA Price is more elastic in input parameters. It will allow you to use other moving averages and standard spectrum of applied prices. This indicator is prepared based on MACD template.

Taking into account additional input parameters in indicator MACD MA Price, formulas are as follow:

For those who will want in formula (1) have possibility to select separate mode of moving average, an additional modification of the indicator MACD MA Price-2 is prepared:

Input parameters:

MACD_MA_method, MACD_MA_method_1, MACD_MA_method_2 и Signal_MA_method:

• 0 – Simple moving average,
• 1 – Exponential moving average,
• 2 – Smoothed moving average,
• 3 – Linear weighted moving average.

Applied_price:

• 0 – close price,
• 1 – open price,
• 2 – high price,
• 3 – low price,
• 4 – median price, (high+low)/2,
• 5 – typical price, (high+low+close)/3,
• 6 – weighted close price, (high+low+close+close)/4.

Recommended MT4/MT5 Broker

XM Broker

• Free $50 To Start Trading Instantly! (Withdraw-able Profit)
• Deposit Bonus up to $5,000
• Unlimited Loyalty Program
• Award Winning Forex Broker
• Additional Exclusive Bonuses Throughout The Year
• Exclusive 50% Cash Rebates for all Trades!

>> Sign Up for XM Broker Account here with Exclusive 50% Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐

(Free MT4 Indicators Download)