MACD Indicators for MetaTrader 4

The MACD (Moving Average Convergence Divergence) indicator set in technical analysis is used to examine price behavior and trend changes. This set of oscillators can be used on various platforms, including MetaTrader 4. The computational basis of the MACD oscillator is the difference between two exponential moving averages with periods of 12 and 26. The result of this calculation is called the MACD line, which, along with the signal line (a 9-period moving average of MACD), provides precise information about market conditions. The difference between the MACD line and the signal line is displayed as a histogram, making it easier to analyze the relative strength of price. This set also includes enhanced versions for lower time frame charts, increasing signal accuracy. When a divergence between price and MACD is observed, the likelihood of a trend reversal increases. This set of indicators is available for free on the Trading Finder website and can also be run in standard analytical environments.