BB MACD MetaTrader indicator
BB MACD MetaTrader indicator — is a basic MACD
(Moving Average Convergence Divergence) indicator variation,
(source: available for free on
some free Forex websites)
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.
- FastLen (default = 12) — the period of the fast moving
average (the one with the lowest period), which is used in this indicator's dots
- SlowLen (default = 26) — the period of the slow moving
average (the one with the highest period), which is used in this indicator's
- Length (default = 10) — the period of the moving
average and the standard deviation indicators that are used in this indicator's
- 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
As the chart example suggests, the signals to buy are when the magenta dots
turn into the green ones and the signal to sell is when the green dots become
Trading is better to be performed when both blue and red lines are
Download: 100% Free - BB MACD MetaTrader indicator (ZIP). For MT4.
Download: 100% Free - BB MACD MetaTrader indicator (ZIP). For MT5.