//+------------------------------------------------------------------+
//| Custom MACD.mq4 |
//| Copyright © 2004, MetaQuotes Software Corp. |
//| http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2004, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"
//---- indicator settings
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_color2 Crimson
//---- indicator parameters
extern int FastEMA=5;
extern int SlowEMA=13;
//---- indicator buffers
double green_buffer[];
double red_buffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexBuffer(0,green_buffer);
//----
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexBuffer(1,red_buffer);
//----
IndicatorDigits(Digits+1);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("MACD("+FastEMA+","+SlowEMA+")");
SetIndexLabel(0,"MACD");
//---- initialization done
return(0);
}
//+------------------------------------------------------------------+
//| Moving Averages Convergence/Divergence |
//+------------------------------------------------------------------+
int start()
{
double MACD;
int counted_bars=IndicatorCounted();
int i;
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
for (i = Bars - Max (counted_bars-1, 1); i>=0; i--) {
MACD=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_MEDIAN,i)-
iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_MEDIAN,i);
if ( ( (green_buffer[i+1] != 0) && (MACD >= green_buffer[i+1]) ) ||
( (red_buffer[i+1] != 0) && (MACD > red_buffer[i+1]) ) ) {
green_buffer[i] = MACD;
red_buffer[i] = 0;
}
else {
green_buffer[i] = 0;
red_buffer[i] = MACD;
}
}
//---- done
return(0);
}
//+------------------------------------------------------------------+
int Max (int val1, int val2) {
if (val1 > val2) return(val1);
return(val2);
}
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: