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EA NameBB MACD indicator
PlatformMT4/MT5
Download MQ4 Format | MQ5 Format
Brief

BB MACD MetaTrader indicator — is a basic MACD (Moving Average Convergence Divergence) indicator variation, which helps in detecting the trend change points and measuring the current trend's strength. The indicator is drawn in the separate window on the chart and consists of two lines (blue and red) and the dots, which can be either green or magenta. The change of the dots' color is a good signal provider, while the width of gap between the two lines indicates the strength of the current trend. This indicator is available for MT4 and MT5.

Input parameters:

  • FastLen (default = 12) — the period of the fast moving average (the one with the lowest period), which is used in this indicator's dots calculations.

  • SlowLen (default = 26) — the period of the slow moving average (the one with the highest period), which is used in this indicator's dots calculations.

  • Length (default = 10) — the period of the moving average and the standard deviation indicators that are used in this indicator's lines calculations.

  • barsCount (default = 400) — the maximum amount of bars on the chart to apply these calculations to (not an important parameter).

  • StDv (default = 2.5) — weight multiplier for the standard deviation indicator in its part in the calculations compared to the moving average.

BB MACD indicator Forex Indicators

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