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It is what is called "it has everything, but at wrong place". Only the steps were in a wrong order, nothing else
Btw: those are, when you are writing the code, hardest to spot. When someone else looks at it, it is likely that he/she will spot it immediately . Once I lost 3-4 days just to find out that I need to invert 2 line position
MACD, which stands for Moving Average Convergence Divergence, is a trend-following momentum indicator that shows the relationship between two moving averages of prices. Developed by Gerald Appel, MACD is one of the simplest and most reliable indicators available. This tool is used to identify moving average which indicate a new trend, regardless of whether it is bullish or bearish. After all, the most important priority in trading is to find a trend, because the most money revolves around it.
The most popular formula for the "standard" MACD is the difference between 26-day and 12-day Exponential Moving Averages (EMAs). This is the formula that is used in many popular technical analysis programs and quoted in most technical analysis books. Using shorter moving averages will produce a quicker, more responsive indicator, while using longer moving averages will produce a slower indicator, less prone to whipsaws.
I need some help, I use an EA were it generates a sell when the fast macd crosses the slow macd (when above the 0 line) but now i want an EA that generates a sell when the fast macd crosses slow macd for the second time.
Hey guys,
Can anyone help me put a signal on this indicator - If possible maybe an arrow or a dot after the MAs cross on the price action chart.
This just the ex4 file, but I found the code here.
oh - and thank you for whoever put this indie together - it has been a huge help.
JAWPIP