2 Signal Line MACD Metatrader 4 Indicator

Written by Aboutcurrency

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Description: MACD is ranked one of the five most popular technical indicators in forex trading. The 2 signal MACD indicator is composed of three components:

MACD: 12-period exponential moving average (12 EMA) - 26 period EMA
MACD histogram
MACD Signal Line: 9-period exponential moving average of the MACD.

(see picture below)

Signals: Histogram above zero: bullish, histogram below zero: bearish

File Name: 2line_MACD

Metatrader 4 Screenshot: GBP/USD Daily Chart

Features: Works on all currency pairs, supports all time frame's up to the monthly charts, free licence, Metatrader 4 ready.

Download: Download this Metatrader 4 indicator here >>>

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