Does anybody have a correct MACD histogram indicator that is easy to use for divergence purposes. The standard one with MetaTrader seems to give completely different readings to any other package. I have one custom indicator , which has the signal lines as well but the histogram bars can be very small and not easily readable. The only way i have found to fix this is to fix the scale but this can cut off readings sometimes.

The standard MT4 MACD is actually just the 2 MACD lines one line is made into a Histogram so that is why it looks different so the Histogram it shows is not the normal MACD Histogram. I have altered a 2 color MACD which should do what you require.

in the inputs you will see these settings

This set up gives a standard MACD & Histo

extern int Histo_Size = 1;//1=Standard Lines & Histo
extern bool Show_MACDLine = true;
extern bool Show_MACDSigLine = true;


This setup gives no lines and a bigger Histo

extern int Histo_Size = 2;//1=Standard Lines & Histo
extern bool Show_MACDLine = false;
extern bool Show_MACDSigLine = false;

MACD Adjustable.mq4
cja

Thanks cja,

thats very kind of you and just what i was looking for.

CHeers again,
Steve

I was wondering if there is a stochastic divergence indicator ? I have everything else but not a valid stochastic divergence indicator.

thanks a lot.

MACD indi from cja, holy good!

There are some few links with explanation about Stochastic here Divergence Indicator