The MACD crossover alert indicator for MetaTrader 4 gives forex traders a professional MACD analysis and alert platform with MACD histogram, a sophisticated control interface and a highly functional MACD crossover alert system providing on-screen pop up, audio alerts and push notifications to mobile devices running the MetaTrader 4 application
MACD stands for Moving Average Convergence Divergence. MACD is a trend following indicator used to spot changes in the strength, direction, momentum, and duration of a trend in an asset's price.
The MACD "oscillator" or "indicator" is a collection of three signals, calculated from historical price data, most often the closing price. These three signal lines are: the MACD line, the signal line, and the difference (or divergence). The term "MACD" may be used to refer to the indicator as a whole, or specifically to the MACD line itself. The first line, called the "MACD line", equals the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA. The MACD line is charted over time, along with an EMA of the MACD line, termed the "signal line" or "average line". The difference (or divergence) between the MACD line and the signal line is shown as a bar graph called the "histogram" time series.
A fast EMA responds more quickly than a slow EMA to recent changes in an asset's price. By comparing EMAs of different periods, the MACD line can indicate changes in the trend of an asset price. By comparing that difference to an average, an analyst can detect subtle shifts in the assets trend. Since the MACD is based on moving averages, it is inherently a lagging indicator. However, the MACD does not lag as much as a basic moving average crossing indicator, since the signal cross can be anticipated by noting the convergence far in advance of the actual crossing. As a metric of price trends, the MACD is less useful for assets that are not trending (range trading) or are trading with erratic price action. MACD Trading Signals
Traders tend to focus on three types of signal generated by the MACD indicator. These are:-
Signal Type A. The MACD line crosses the signal line
Signal Type B. The MACD line crosses the zero line - some call this the 'waterline'
Signla Type C. There is a divergence between MACD and the price of the asset or between the histogram and the price of the asset
The MACD Indicator is 100% MetaTrader 4 compatible (Java is free to download from www.java.com - the control interface is designed to synchronize with MetaTrader 4)
Make super fast parameter changes using our unique Java interface
Receive alerts (via email, push notification and on screen pop-up) when the MACD and signal lines cross on any MetaTrader 4 chart
Tune the fast EMA (exponential moving average), slow EMA and signal EMA periods to match your requirements
Option to display or hide the MACD histogram on a forex chart
Control the colour and histogram bar width
Control the colour and style of the MACD and signal lines
Control the maximum number of alerts generated within a specific time period
Control if alerts are generated on temporal MACD 'touches' or physically printed MACD crossovers
Define unique profiles (preferred settings) for EACH timeframe for the SAME pair or asset being traded in MetaTrader. This is impossible with a standard MT4 indicator!
Copy profiles to ALL the MT4 timeframes for a given chart symbol with one click! (This effectively provides the same functionality as a standard MT4 indicator where the indicator parameters are the same accross all MT4 timeframes.
Ultra fast config changes... the Java interface totally transforms the process of making changes to indicator parameters in MetaTrader 4
Control of multiple MetaTrader charts - the same interface can control MACD Turbo indicators on multiple MT4 charts! The interface automatically detects which MT4 chart is currently being worked on!
Play long duration audio alerts files - standard MT4 indicators cannot play long duration audio files correctly as the MT4 indicator cannot suspend the program thread. If you have ever tried to trigger a long duration sound file from a standard MT4 indicator you will here your sound file being clipped! Java doesn't suffer from this problem! - therefore you can play your alert sounds without experiencing clipping. You can also use any WAV file on your machine - the sound file (wav file) doesn't have to stored in the MT4 sounds folder
Sophisticated alert module which can be sorted, customized etc - The on sceen alerts are delivered using Java - this has many benefits over the standard MT4 pop up alert.... you can pop the interface up any time you like to review the alert history and you can also configure the alert interface how you want it to look. It's 100 times better than the standard MT4 pop up which is quite old technology in comparison.
Easy Installation - just point the installer at the MT4 Data Folder.. easy!
Faster load time - no indicator lag or latency - all the FX AlgoTrader Java based tools make one call to the license management system when the interface is initially loaded.... after that the indicators behave exactly like standard MT4 indicators in terms of performance... for the techies... It's 100% client side technology on the MT4 side.
The FX Currency Strength Meter Service will help traders to optimize their forex pair selection and massively reduce the requirements to perform top down analysis on all the major pairs and crosses each day.