• Wed. Nov 17th, 2021

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BB MACD Indicator: Variation of the Standard MT4 Indicator

Nov 17, 2021

Forex indicator BB MACD is a modification of the MACD oscillator, which allows you to accurately determine the strength of the trend and its reversal points.

BB MACD MT4 indicator

The indicator BB MACD is a variation of the MACD (Moving Average Convergence Divergence) indicator, which helps to determine the points of change in the direction of the trend, as well as the strength of the current trend. The indicator is drawn in a separate chart window and consists of two lines (blue and red) and points, which can be either green or lilac. A change in the color of the dots is a good signal, while the width of the gap between the lines reflects the strength of the current trend.

Input parameters:

  • FastLen (default = 12) – the period of the “fast” moving average (with the smallest period), which is used to calculate the points in this indicator.
  • SlowLen (default = 26) – the period of the “slow” moving average (with the longest period), which is used to calculate the points in this indicator.
  • Length (default = 10) – period of the moving average and standard deviation indicator, which are used to calculate the lines in this indicator.
  • barsCount (default = 400) – the maximum number of bars in the chart for which this indicator will be shown (not an important parameter).
  • StDv (default = 2.5) – the weighting factor for the standard deviation indicator in its role compared to the moving average.

Buy signals occur when lilac dots turn green, and sell signals when green dots turn lilac. It is better to trade when the gap between the blue and red lines of the indicator BB MACD is wide enough.

Features of BB MACD MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily
  • Currency pairs: any

In BB_MACD_v1.01.zip file you will find:

  • BB_MACD_v1.01.ex4

Download BB MACD MT4 indicator for free: